I was aware that depositing money at a bank into an account was a relinquish of title to the money being deposited, which explains why they can loan it out and invest it without necessarily having to pay bank the individual who made the deposit. But this is an interesting explanation of the word "deposit." In light of this, what is being abandoned when a de-mand is being made? Would it be a mandate of some sort? Like the rules and regulations, the mandates, of the Federal Reserve that is being left kinda like exiting their private credit system?Originally Posted by Michael Joseph
Reply With Quote