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Question
Explain the following term/concept.
Depositor
Solution
A depositor is a person who subscribes to the deposits of a company. He is a creditor of the company. Depositors get interest as a return on their investment of money in deposits.
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Arrange in proper order
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Arrange in proper order
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Explain the following term/concept.
Deposit Receipt
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
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A Private Company can accept the deposits from the general public.
