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bank-depositor relation

 

Definitions from WordNet

Noun bank-depositor relation has 1 sense
  1. bank-depositor relation - the responsibility of a bank to act in the best interests of the depositors
    --1 is a kind of
    fiduciary relation

Definitions from the Web

Bank-Depositor Relation

Noun: The connection or interaction between a bank and its depositors, referring to the arrangements, rights, and responsibilities governing their financial transactions.

Senses:
Sense 1:

The formal agreement and understanding that exist between a bank and its customers, establishing the customer's rights and obligations as a depositor.

Example sentence: The bank-depositor relation is built on trust and confidentiality, ensuring the security of the depositor's funds.

Sense 2:

The overall level of satisfaction, trust, and confidence between a bank and its depositors, often reflecting the quality of services provided by the bank.

Example sentence: A strong bank-depositor relation is crucial for building a loyal customer base and attracting new clients.

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