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Bank of deposit

Source : Webster's Revised Unabridged Dictionary (1913)

Deposit \De*pos"it\, n. [L. depositum, fr. depositus, p. p. of
   deponere: cf. F. d['e]p[^o]t, OF. depost. See {Deposit}, v.
   t., and cf. {Depot}.]
   1. That which is deposited, or laid or thrown down; as, a
      deposit in a flue; especially, matter precipitated from a
      solution (as the siliceous deposits of hot springs), or
      that which is mechanically deposited (as the mud, gravel,
      etc., deposits of a river).

            The deposit already formed affording to the
            succeeding portion of the charged fluid a basis.
                                                  --Kirwan.

   2. (Mining) A natural occurrence of a useful mineral under
      the conditions to invite exploitation. --Raymond.

   3. That which is placed anywhere, or in any one's hands, for
      safe keeping; something intrusted to the care of another;
      esp., money lodged with a bank or banker, subject to
      order; anything given as pledge or security.

   4. (Law)
      (a) A bailment of money or goods to be kept gratuitously
          for the bailor.
      (b) Money lodged with a party as earnest or security for
          the performance of a duty assumed by the person
          depositing.

   5. A place of deposit; a depository. [R.]

   {Bank of deposit}. See under {Bank}.

   {In deposit}, or {On deposit}, in trust or safe keeping as a
      deposit; as, coins were received on deposit.

Bank \Bank\, n. [F. banque, It. banca, orig. bench, table,
   counter, of German origin, and akin to E. bench; cf. G. bank
   bench, OHG. banch. See {Bench}, and cf. {Banco}, {Beach}.]
   1. An establishment for the custody, loan, exchange, or
      issue, of money, and for facilitating the transmission of
      funds by drafts or bills of exchange; an institution
      incorporated for performing one or more of such functions,
      or the stockholders (or their representatives, the
      directors), acting in their corporate capacity.

   2. The building or office used for banking purposes.

   3. A fund from deposits or contributions, to be used in
      transacting business; a joint stock or capital. [Obs.]

            Let it be no bank or common stock, but every man be
            master of his own money.              --Bacon.

   4. (Gaming) The sum of money or the checks which the dealer
      or banker has as a fund, from which to draw his stakes and
      pay his losses.

   5. In certain games, as dominos, a fund of pieces from which
      the players are allowed to draw.

   {Bank credit}, a credit by which a person who has given the
      required security to a bank has liberty to draw to a
      certain extent agreed upon.

   {Bank of deposit}, a bank which receives money for safe
      keeping.

   {Bank of issue}, a bank which issues its own notes payable to
      bearer.
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