Word.ws English Dictionary

statutory deposit

statutory deposit noun: an amount of money that a bank or insurance company is legally required to keep on hand rather than investing.

Noun

statutory deposit (plural statutory deposits)

  1. An amount of money that a bank or insurance company is legally required to keep on hand rather than investing.
    • Statutory deposit can function as a policyholders' protection fund.2001, OECD, Insurance Regulation and Supervision in Asia and Latin America
    • Of the $1.5 million, $900,000 is mandated to be a statutory deposit with this state.2004, Best's Key Rating Guide: Life/health, United States & Canada, page A-73

Forms of statutory deposit

pluralstatutory deposits

Questions about statutory deposit

What does statutory deposit mean?
Statutory deposit means an amount of money that a bank or insurance company is legally required to keep on hand rather than investing.
What part of speech is statutory deposit?
Statutory deposit is a noun.
What is the plural of statutory deposit?
The plural of statutory deposit is statutory deposits.

Words near statutory deposit in the dictionary

  1. statutory authority
  2. statutory board
  3. statutory boards
  4. statutory declaration
  5. statutory declarations
  6. statutory deposit
  7. statutory exclusion
  8. statutory exclusions
  9. statutory heir
  10. statutory heirs
  11. statutory holiday

Source and license

Adapted from Wiktionary: statutory deposit (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

Last updated:

Cite this entry: “statutory deposit.” Word.ws, https://word.ws/statutory_deposit. Based on Wiktionary, CC BY-SA 4.0.