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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
Select the correct answer from the options given below and rewrite the statement.
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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 |
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Return on investment on deposit.
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.
Maximum period of deposits.
State whether the following statement is true or false.
Fixed Deposit holders are entitled to receive dividend.
Complete the sentence.
Depositors are the ______ of the company.
Complete the sentence.
Depositors are entitled to receive ______ at fixed rate.
Answer in one sentence.
Who is depositor?
Correct the underlined word and rewrite the following sentence.
Depositors are owners of the company.
Correct the underlined word and rewrite the following sentence.
Deposit is a long term source of capital.
Arrange in proper order
- Renewal of Deposit
- Acceptance of Deposits
- Deposit Receipt
Explain the following term/concept.
Deposit
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
State whether the following statements are true or false.
A Private Company can accept the deposits from the general public.
