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Question
Explain the following term/concept.
Depositor
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Solution
A depositor is a person who places or invests money in a company in the form of a deposit. By doing so, the depositor becomes a creditor of the company. In return for the money deposited, the company pays the depositor interest at a prescribed rate. Depositors do not receive ownership rights but only the right to get back their money with interest.
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RELATED QUESTIONS
Depositors are ______ of a company.
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A company cannot accept deposit for less than ______ months.
Select the correct answer from the options given below and rewrite the statement.
Deposits are ______ loans of the company.
Select the correct answer from the options given below and rewrite the statement.
______ has the power to invite deposits from the Public.
Select the correct answer from the options given below and rewrite the statement.
Rate of interest on deposits is ______.
Select the correct answer from the options given below and rewrite the statement.
The return or income for the investment of money on deposits is called ______.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Depositors | 1) Fixed |
| b) Rate of Interest on Deposits | 2) Evidence of ownership |
| c) Deposit Receipt | 3) Debtors |
| 4) Creditors | |
| 5) Evidence of deposit | |
| 6) Fluctuating |
Write a word or a term or a phrase which can substitute the following statement.
Instrument for payment of interest on deposit.
Write a word or a term or a phrase which can substitute the following statement.
Return of deposits on maturity date.
State whether the following statement is true or false.
Fixed Deposit holder is creditor of the company.
Complete the sentence.
A company can accept deposits for the minimum period of ______ months.
Complete the sentence.
Depositors are entitled to receive ______ at fixed rate.
Answer in one sentence.
Who is depositor?
Answer in one sentence.
What is Interest Warrant?
Correct the underlined word and rewrite the following sentence.
Depositors are owners of the company.
Correct the underlined word and rewrite the following sentence.
Deposits are the internal source of financing.
Explain the following term/concept.
Deposit Receipt
State whether the following statements are true or false.
A Private Company can accept the deposits from the general public.
