deposit Hear it!

deposit definition - legal

n

The act of placing money or property with another who will hold it in trust, or who has a fiduciary duty with regard to it, or otherwise will hold and manage it for the benefit of the owner; the money or property so placed.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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