Special Deposit
Defined in 3 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A deposit made of a In Banking Law. A deposit which is to be returned in specie.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A deposit made of a particular thing with the depositary; it is distinguished from an irregular deposit. A deposit made with the understanding that the identical money deposited shall be returned to the depositor. Mutual Accident Ass’n v. Jacobs, 43 111. App. 340. When a thing has been specially deposited with a depositary, the title to it remains with the depositor, and if it should be lost the loss will fall upon him. When, on the contrary, the deposit is irregular, as where money is deposited in a bank, the title to which is transferred to the bank, if it be lost, the loss will he borne by the hank. This will result from the same principle: the loss will fall in both instances, on the owner of the thing, according to the rule res periit domino. See Edw. Bailm. 48; Bailment.