Advertisements
Advertisements
Question
Explain the following term/concept.
Depositor
Advertisements
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.
APPEARS IN
RELATED QUESTIONS
A Company cannot accept deposit for more than ______ months.
Select the correct answer from the options given below and rewrite the statement.
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.
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.
State whether the following statement is true or false.
A Private Company cannot accept the deposits from the general public.
Complete the sentence.
Depositors are the ______ of the company.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ |
| a) Depositor | 1) ____________ |
| b) Return on Deposits | 2) ____________ |
| c) ______________ | 3) Maximum Period of Deposits |
| d) Minimum Period of Deposits | 4) ____________ |
(Interest, Creditor of the company, 36 months, 6 months)
Answer in one sentence.
What is the return on deposit?
Answer in one sentence.
What is Interest Warrant?
Correct the underlined word and rewrite the following sentence.
Deposit is a long term source of capital.
Explain the following term/concept.
Deposit
Explain the following term/concept.
Interest on Deposit
Explain the following term/concept.
Deposit Receipt
