depositor

/di'pɔzitə/
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depositor

A depositor hands a check to a bank teller.

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.
depositor

A depositor hands a check to a bank teller.

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