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LSDefine

Simple English definitions for legal terms

depository institution

Read a random definition: PROP. REG

A quick definition of depository institution:

A depository institution is a type of organization that is allowed by law to receive deposits from people and businesses. These institutions are closely watched by the government to make sure that people's money is safe. They can also have other powers, like managing trusts. However, not all types of banks are depository institutions. For example, insurance companies and some other banks are not considered depository institutions unless they have federal insurance for their deposits.

A more thorough explanation:

A depository institution is an organization that is authorized by state or federal law to receive deposits from individuals and businesses. These institutions are supervised and examined by government agencies to protect depositors.

Examples of depository institutions include:

These institutions are authorized to exercise fiduciary powers, which means they can act as a trustee or manage assets on behalf of their clients.

It's important to note that not all financial institutions are depository institutions. For example, insurance companies and industrial loan companies are not considered depository institutions unless their deposits are insured by a federal agency.

Overall, depository institutions play a crucial role in the economy by providing a safe place for individuals and businesses to deposit their money and access financial services.

depositor | depository-transfer check

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awe hi love quinn
14:51
hiii :3
lol me too unless they're cute lol oopssssieee
14:52
so real
and obvi i always look cute at the gym. love a matching set !!
where do we get our matching sets that don't cost an arm, leg, and ovary
fr like why are you asking for 100 dollars per item
and the opposite end of the spectrum is that any sweat makes it look like you pissed ur pants
im only cute at pilates when i go to the gym im wearing the same nike shorts ive had since 7th grade and whatever old t shirt my dad gave me
Mostlylegal
14:55
??? what sweatpants do you wear, also i know lulu is expensive but their stuff lasts forever
oh i hate working out in sweats, shorts or leggings or bust
not the Loyola not Chicago decision
Mostlylegal
14:56
unfortunately cant wear leggings anymore the front desk wasnt to happy bout it
(close ur eyes lily)
fr like im actually over it like what is this hell they put me in im so done
how do you work out in sweats
id be melting
also if you dont want men to stare at you at the gym, orangetheory is like 70% women
maybe I'll find an orangetheory. I did spin for ages and that was the girls or the gays, especially if u went to the themed nights
oh there's one fr like three blocks from my house
15:03
THEMED SPIN NIGHTS with girls and gays duude id fuckin be there every day
15:04
what was one of the themes
15:04
lady gaga kesha night at spin ughhhh i wish
female rappers, so megan thee and doja and nicki and flo milli. vibes/10
also they had y2k nights, taylor swift (IF UR INTO THAT), a lot of the time they would do album release nights. so like a week after an album there would be a dedicated spin sesh
15:06
tht sounds so fun omg
15:07
i need a hobby when ppl ask u guys what u do for fun do u know what to say like
15:08
i enjoy watchig reels
I do enjoy watercolor painting, but I believe language used on my resume was "Watercolor painting, reading general fiction novels, digital architecture and interior design, travel"
i knit, read, do solidcore, sew, bike, and im in a mahjong league
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