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Explain the following term/concept. Depositor - Secretarial Practice

Short Note

Explain the following term/concept.

Depositor

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Solution

A depositor is a person who subscribes to the deposits of a company. He is a creditor of the company. Depositors get interest as a return on their investment of money in deposits.

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 8 Correspondence with Depositors
Exercise | Q 2.1 | Page 125
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