This unfortunate depositor is a type of a considerable class of persons, who show themselves capable of carrying out plans to a certain stage, but fail in some one particular to give them the completeness necessary to success.
The applicant also stated that he could swear to his wife's handwriting, whereas the depositor could not write.
In a somewhat similar way another depositor accounted for his loss "through putting the book in an old coat-pocket, and selling the coat without taking out the book again.
In another instance a depositor proposed to send his likeness, with a view to his identification, lest some other person might get possession of his book, and so withdraw his savings.
While in yet another case the depositor explained that "his little puppy of a dog got hold of it and tore it all to pieces--not leaving so much as the number.
The joiner, who was a depositor in the Post-office Savings' Bank, having received no acknowledgment of a deposit of L3, obtained a duplicate.
A needy depositor pledged his coat, forgetting, however, to withdraw his deposit-book, which was in one of the pockets.
On another occasion a depositor explained that his book had been mutilated by a cat.
Another depositor said that his book was "supposed to have been taken from the house by our tame monkey.
The advent of the strange depositor was curiously awaited by the tellers to whom the cashier had spoken.
A depositor might telegraph for his money and have his warrant sent by return of post at a cost of about 9d.
A depositor in an old savings-bank may have his money transferred to the Post-Office banks with the greatest ease.
A depositor in any one of the Post-Office savings-banks may continue his payments in any other bank at pleasure without notice or change of book.
The law, previous to 1844, gave the depositor a remedy against the trustees in case of wilful neglect or default.
Each year the savings' bank-book of each depositor is sent here for examination, and at the same time the interest accruing is calculated and allowed.
By return of post an acknowledgment will be received by each depositor in the shape of a separate letter from the head office, the Postmaster-General thus becoming responsible for the amount.
Under the Post-Office system, however, the transfer may be effected in a day or two, without the depositor even seeing the money, and without the smallest risk of loss.
Suppose a depositor wishes to transfer his account from a bank under the old plan to one under the new, or vice versa, the matter is one of equally simple arrangement.
Under the old system, a depositor could only effect a transfer of his account from Manchester to Liverpool by withdrawing it from the one, under the usual long notice, and taking it to the other.
This course was not only troublesome to the parties concerned, but the depositor ran the risk of losing his money, or, perhaps, of spending the whole or part of it.
The depositor was a person travelling with a wild beast menagerie.
The Roman banking laws protected the depositor more securely than the laws of any modern nation, and these Roman laws were rigidly enforced.
The depositor would cash the checks at other banks and, when they came in, the teller would merely turn them over to the bookkeeper, probably asking if there was money to meet them.
He was induced to do this by a depositor who had a scheme for making them both rich.
A depositor may turn in a check for a thousand dollars, drawn on a New York bank where he has no money.
A deposit in a bank is to the depositor for most purposes "just as good" as money in the pocket and for many purposes is even better.
This is least true of time deposits, for the motive of the depositor in such cases is usually to invest his funds for a time rather than to keep them available as money.
If a commercial bank pays no interest on demand deposits there is no motive for the depositor to keep a balance larger than he needs as current purchasing power.
From the standpoint of the depositor a time deposit is, by its very nature, an investment and not a demand credit available for current monetary uses.
It gives to every depositor the greatest safety possible, as "the faith of the United States is solemnly pledged" for the repayment of depositors.
Interest is not compounded, unless the depositor withdraws the interest and redeposits it, but simple interest continues to accrue annually on a certificate so long as it is outstanding, without limitation as to time.
A holder of a note (in the absence of special regulations) has the same claim on the bank that a depositor has.
The bank in that case becomes the debtor and the depositor becomes the creditor of the bank.
But in discount and deposit the depositor brings no money, and the credit paper that he gives is his own promise to pay whereby he becomes the bank's debtor.
Thither the depositorhastened and made known his wants and the necessity of having them attended to at once.
To show his readiness to adopt original methods in an emergency, it is related that once a depositor called to draw a large sum of money (twenty-eight thousand dollars) from the bank.
This was good when presented for all the money the depositor had in bank, and it proved an exceedingly good advertisement for Palmer.
The deposits of a deceasedDepositor are to be withdrawn in full by notice from the person who has the right of inheritance.
If the Depositor cannot write he must add his mark to the notice-form and this mark must be attested by a witness.
The Depositor (Payer) is bound before leaving the office to examine the entries sufficiently so as to see that they are correct.
The Depositoris at any time entitled without the intervention of the Payer to appear at a Receiving Office and to have his own signature accepted.
A depositor who cannot write will have to bring with him a trustworthy man who will have to attest the identity of the depositor and to sign the deposit-book in his stead.
Then the Depositor sends the deposit-book together with the authorisation to the person he thus authorises to receive the payment.
The Post Office Savings Bank regards the Payer as empowered in the name of the Depositor to dispose of the balance to his credit as long as the latter has not informed the Post Office Savings Bank that it is against his will.
The watchword chosen by the depositor must be added to the Notice.
Whoever pays the first deposit in favour of another--of the Depositorand signs the deposit-book in this name, is to be called the Payer.
Another good illustration is that of a bank which keeps the bonds of a depositor in its safe for his accommodation.
Should the second or subagent be neglectful, the depositor of the cheque could compel that agent, and not the first, to make its loss good.
By and by the depositor finds out that he has not as much money in the bank as he supposed he had there.
The bank receiving them on deposit gives the depositor credit at once, even though it may take a week before the value represented by the cheque is in the possession of the bank.
A notoriously bad man, a collier, became a regular depositor himself, as well as depositing money in the name of his child; all his spare money having previously been spent in drink.
All that is done, is done in perfect secrecy between the depositor and the postmaster, who is forbidden to disclose the names of the depositors.
The money saved may also be transferred from place to place, without expense, and may be easily paid to the depositor when required, no matter where it was originally deposited.
When the check drawn by the borrowing depositor may be deposited in other banks and collected by them against the lending bank, its granting of credits rapidly draws down its reserves to swell the reserves of its competitors.
Other features of the system contribute to the same result, especially the fact that a Canadian bank accepts from a depositor without indorsement the notes of other banks.
And panic has small chance to develop where the depositor can get his money at need and the solvent business man can borrow.
For any bank to refuse to let a depositor have his money when he calls for it would be regarded by the public as an acknowledgment of weakness.
Of course, the bankers do not encourage this practice, nor can it be indulged in by a depositor who is also a borrower.
I have often wondered whether the fact that I am the only director of a big savings institution has anything to do with the ability of that institution to pay every depositor his money on demand.
The depositor of gold bullion has the right to demand British sovereigns in exchange.
Although the depositor was protected by many of the regulations, this protection was purely incidental.
Because the postmaster cannot accept all that is offered, the intending depositorvery frequently goes away in resentment and disappointment without depositing a dollar.
He becomes a depositor by borrowing, not by lending to the bank.
Inquiry at the Harlem Bank shows that he has been a depositorfor about a year.
The rule which permits a depositor to have accounts in his own behalf or on behalf of any minor relatives or any minor of whom he happens to be the guardian has opened a way to great abuse of the system.
Further inquiries made at the time elicited that one depositor at Bijapur controlled forty-two accounts, another at Surat thirty, and another at Karwar nineteen.
As one example of what is done, a case came to light some years ago in which a depositor at Dharwar was authorized to operate on eighty-three accounts with a balance of nearly Rs.
I believe he could tell us the name of the grandmother of almost every prominent depositor if we wished to know, and how every man got his money.
He entered a bookstore one day with the intention of asking for some work of the sort, but finding in the proprietor a well-known depositor of the bank, Charley bought a novel instead.
In a general way, a depositor finds his income and his outgo balancing.
Certainly no depositor whom I have consulted can find it in his own practice--and I have put the question to "individuals, firms, and corporations.
A depositor who had drawn his money and was anxiously hiding it in his pocket, dropped a silver dollar that rolled away between the waiting lines.
A demand from one depositor that he repeat to all what he had said to the woman caused Amzi to retire behind the counter.
A bank, for example, that pays the check of a depositor under the erroneous belief that it has sufficient funds, may not recover from the payee the excess to the depositor's credit.
In all cases a depositor may make any application of his deposit he desires, for it is his own and the bank cannot divert it in any way against his direction.
Sometimes a bank declines to pay supposing, through an error of bookkeeping perhaps, that the depositor has not money enough there to pay his check.
Each depositor thus retains title to some portion of the grain in the elevator.
In such a case, as the bank is in the wrong, if the depositor has suffered from loss of credit or in any other way from the bank's action, it must respond and make the loss good.
If a depositor in a bank has made a note payable there this is regarded very much like a check, it is a direction to the bank to pay it, especially by the Negotiable Instruments law.
The grain in the elevator may be delivered many times before a particular depositor makes his demand.
A national bank is forbidden to certify the check of a depositor unless he has the amount of money stated in the check in the bank.
Nor can a bank apply a deposit, which is known to be trust money, or belonging to another person than the depositor to the payment of his note.
It is well to investigate the conditions under which the depositor places his money in the safe-keeping of the bank, because the withdrawal requirements are often stringent.
Interest is compounded every four or six months, and money must, as a general rule, remain on deposit until an interest payment date before the depositor receives any interest on it.
Do this courteously so that the depositor may have no reason to withdraw his account.
From deposits made in the postal savings bank, the return to the depositoris only two per cent, whereas the return from deposits made in the bank's own savings department is three, three and a half, and sometimes four per cent.
And if he said to the first indignant depositor "You are a rebel," I fear the depositor might answer, "You are a robber.
Suppose when some depositorasked mildly what day the accountants came, he smote that astonished inquirer on the nose, crying: "Slanderer!
One of the first lessons, for instance, that a depositor should learn before he is qualified to own a check-book is to commence writing the amount as near as possible to the extreme left of the check.
Sometimes the requirements of the banks may seem arbitrary and troublesome, but reflection will show that they safeguard the depositoras well as the bank.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "depositor" in a variety of sentences. We hope that you will now be able to make sentences using this word.
