Time deposit

Definition
: a bank deposit that can be withdrawn only after a set period of time or with prior notice
b  : something given as security
see also security deposit
A deposit may be applied to a purchase price or may be considered partial payment.
3  in the civil law of Louisiana
a  : the gratuitous transfer of possession of movable property to another for a limited time or specified purpose such that the depositary is liable to some extent for loss or damage to the property
see also sequestration
compare bailment hiring loan for consumption and loan for use at loan
Like the common-law bailment, the civil law deposit requires either actual or constructive delivery.

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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intrinsic fraud

fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud

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