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单词 special deposit
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special deposit
special deposit n. a deposit made in a bank subject to certain conditions; spec. a deposit mandated by the Bank of England from a commercial bank as a means of controlling its lending (now historical).
ΚΠ
1805 R. W. Bridgman Analyt. Digested Index Reported Cases I. 77/2 Lord Chancellor held this to be a special deposit, and directed a calculation to be made of the value of the entire thing at the time of the deposit.
1859 J. R. Bartlett Dict. Americanisms (ed. 2) 432 Special deposit, a deposit made in a bank subject to the control of the depositor, and which is not made a part of the funds of the bank to be used by it in its business.
1958 Times 4 July 15/1 The new scheme of ‘special deposits’ to be introduced by the Bank of England will in effect be kept in reserve in case of need.
1978 London Clearing Banks (Committee London Clearing Bankers) 68 From 1958 onwards the Bank was able to supplement its open-market operations with calls for special deposits from the clearing banks; when a call was made, each bank had to lodge at the Bank of England a cash deposit of a specified percentage of its total deposits.
2009 Times (Nexis) 13 July (Business section) 35 In the past, cash and deposit requirements and even supplementary special deposits (also known as ‘corsets’) were major tolls for managing bank liquidity.
extracted from specialadj.adv.n.
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更新时间:2024/12/22 23:30:25