special deposit

Definition of "special deposit"
  1. A special deposit refers to a deposit made with a specified purpose in mind, intended to be given back to the depositor, establishing a trusted relationship or a temporary handing over of possession
How to use "special deposit" in a sentence
  1. The special deposit will act as a security against potential damages.
  2. The restaurant required a special deposit as a guarantee for the banquet reservation.
  3. A bank may require a special deposit to approve a business loan.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z