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Voluntary deposit |
: a deposit that is made by the mutual consent of the depositor and depositary
The consent required may be express or implied, and because of the requirements of consent, only persons with the capacity to contract can make a voluntary deposit.
b : the movable property that is the object of a deposit <the depositary is bound to use the same diligence in preserving the ~ that he uses in preserving his own property Louisiana Civil Code>
4 : an act of depositing <upon the ~ of the money in the escrow account>
5 : See also depository<night ~>
| 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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collateral estoppel
estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action
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