Deposit effects (securities deposited as a guarantee)

In older documents, securities deposited as security for the depositary; in the sense that the depositor thereby indicates that he intends to render faithful service or to pay for any loss. – Securities that – a bank deposits with a public authority and – are intended to guarantee that a customer will meet obligations to that authority.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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