Definition

1. Noun:
   • A person who places money in a bank or similar financial institution: A depositor is an individual or entity that entrusts funds to a bank for safekeeping, often in a checking, savings, or other deposit account.
   • A person who places something for safekeeping: More broadly, a depositor can be someone who places a valuable item (like in a safe deposit box) with an institution for storage and security.

Usage Examples

• Noun:
  • The bank guarantees the safety of funds for every depositor.
  • As a depositor, you can access your account online 24 hours a day.
  • The small depositors were protected by the new government insurance scheme.

Advanced Usage

• "Small/retail depositor": Refers to an individual person who deposits money, as opposed to a large institutional investor.

  • The policy is designed to protect the interests of the small depositor.

• "Depositor base": The collective group of all customers who have deposited money with a financial institution.

  • The bank's stability relies on a broad and loyal depositor base.

Variants and Related Words

• Deposit (noun/verb): The sum of money placed in the bank, or the act of placing it.

  • She made a large deposit into her new account.

• Depository (noun): An institution or location where things are deposited for safekeeping.

  • The library serves as a depository for rare manuscripts.

Synonyms

• Account holder: A person in whose name an account is kept.
• Saver: One who saves money, often by depositing it.
• Customer (in a banking context): A client of a bank.

Related Phrases

• "Depositor confidence": The trust that depositors have in the safety of a financial institution.

  • The financial scandal severely damaged depositor confidence.

• "To protect depositors": A common goal of banking regulations and insurance schemes.

  • The central bank's primary role is to protect depositors and ensure financial stability.

Noun

1. a person who has deposited money in a bank or similar institution