depositor Definition
a person or organization that puts money in a bank account.
Using depositor: Examples
Take a moment to familiarize yourself with how "depositor" can be used in various situations through the following examples!
Example
The depositor can withdraw money from the account at any time.
Example
The bank guarantees the safety of the depositor's funds.
Example
The depositor earns interest on their savings.
depositor Synonyms and Antonyms
Synonyms for depositor
- investor
- account holder
- saver
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Summary: depositor in Brief
'Depositor' [dɪˈpɒzɪtə] refers to a person or organization that puts money into a bank account. The depositor can withdraw money from the account at any time, and the bank guarantees the safety of the funds. Depositors earn interest on their savings.
