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Deposit: Difference between revisions
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Only regulated [[credit institution|credit institutions]] — [[banks]], in the vernacular — are allowed to accept [[deposit]]s. They are a topic of some debate when banks and financial institutions enter into financing contracts with a [[cross default]] in them. | Only regulated [[credit institution|credit institutions]] — [[banks]], in the vernacular — are allowed to accept [[deposit]]s. They are a topic of some debate when banks and financial institutions enter into financing contracts with a [[cross default]] in them. | ||
This is laid down by Article 5 of the [[Financial Services and Markets Act 2000]] Regulated Activities Order 2001, which describes the regulated activity of accepting deposits. | |||
===Short term debt securities === | |||
{{short term debt and deposits}} | |||
===Miscellanea== | |||
===Limitation Act 1980=== | ===Limitation Act 1980=== | ||
This gives a (demand) bank deposit special status under the [[Limitation Act 1980]], since it is not payable at any time, unless it is asked for, so the [[limitation period]] never begins to run. | This gives a (demand) bank deposit special status under the [[Limitation Act 1980]], since it is not payable at any time, unless it is asked for, so the [[limitation period]] never begins to run. | ||