bank of deposit

Webster's Dictionary (GCIDE)

Deposit \De*pos"it\, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. d['e]p[^o]t, OF. depost. See Deposit, v. t., and cf. Depot.]

1.That which is deposited, or laid or thrown down; as, a deposit in a flue; especially, matter precipitated from a solution (as the siliceous deposits of hot springs), or that which is mechanically deposited (as the mud, gravel, etc., deposits of a river). [1913 Webster]

The deposit already formed affording to the succeeding portion of the charged fluid a basis.— Kirwan.[1913 Webster]

2.(Mining) A natural occurrence of a useful mineral under the conditions to invite exploitation. --Raymond. [1913 Webster]

3.That which is placed anywhere, or in any one's hands, for safe keeping; something intrusted to the care of another; esp., money lodged with a bank or banker, subject to order; anything given as pledge or security. [1913 Webster]

4.(Law) (a) A bailment of money or goods to be kept gratuitously for the bailor. (b) Money lodged with a party as earnest or security for the performance of a duty assumed by the person depositing. [1913 Webster]

5.A place of deposit; a depository. [R.] [1913 Webster]

Bank of deposit. See under Bank.

In deposit, or On deposit, in trust or safe keeping as a deposit; as, coins were received on deposit. [1913 Webster]

Bank \Bank\, n. [F. banque, It. banca, orig. bench, table, counter, of German origin, and akin to E. bench; cf. G. bank bench, OHG. banch. See Bench, and cf. Banco, Beach.]

1.An establishment for the custody, loan, exchange, or issue, of money, and for facilitating the transmission of funds by drafts or bills of exchange; an institution incorporated for performing one or more of such functions, or the stockholders (or their representatives, the directors), acting in their corporate capacity. [1913 Webster]

2.The building or office used for banking purposes. [1913 Webster]

3.A fund to be used in transacting business, especially a joint stock or capital. [1913 Webster]

Let it be no bank or common stock, but every man be master of his own money.— Bacon.[1913 Webster]

4.(Gaming) The sum of money or the checks which the dealer or banker has as a fund, from which to draw his stakes and pay his losses. [1913 Webster]

5.In certain games, as dominos, a fund of pieces from which the players are allowed to draw; in Monopoly, the fund of money used to pay bonuses due to the players, or to which they pay fines. [1913 Webster +PJC]

6.a place where something is stored and held available for future use; specifically, an organization that stores biological products for medical needs; as, a blood bank, an organ bank, a sperm bank. [PJC]

Bank credit, a credit by which a person who has given the required security to a bank has liberty to draw to a certain extent agreed upon.

Bank of deposit, a bank which receives money for safe keeping.

Bank of issue, a bank which issues its own notes payable to bearer. [1913 Webster]