Definition, Meaning & Synonyms
depositor
Noun
/dɪˈpɒzɪtər/
Definition
A person or entity that places money into a bank account or financial institution.
Examples
- The depositor opened a savings account to save for future expenses.
- As a depositor, you are entitled to certain rights regarding your funds.
- The bank guarantees protection for the depositor’s money under FDIC insurance.
Meaning
The term ‘depositor’ refers to someone who deposits funds, typically in a financial institution, for safekeeping or investment purposes.
Synonyms
- Account holder
- Investor
- Bank customer
