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2 definitions found
 for Bank of deposit
From The Collaborative International Dictionary of English v.0.48 :

  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]

From The Collaborative International Dictionary of English v.0.48 :

  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]

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