Iowa, , 94 N..W
Categories: Contracts
Definition (1910 Edition)
947, 98 Am. St. Rep. 365. =—Deposit account. An account of sums isdged with a bank not to be drawn upon by checks, and usually not to be withdrawn except after a fixed notice.—Deposit com ycompany whose business is the safe-keeping of securities or other valuables deposited in boxes or safea in its building which are leased to the depositors.-Deposit of title-deeds. A method of pledging real property as security for 4 loan, by placing the title-deeds of the land in the keeping of the lender at pledgee.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.