Charles Explorer logo
🇬🇧

Single Deposit in the Civil Code

Publication at Faculty of Law |
2014

Abstract

Article deals with the new legal regulation of lump-sum deposit contract in the Civil Code. By a lump-sum deposit contract, a depositor undertakes to provide the beneficiary with a fixed lump-sum deposit at a certain amount, and a beneficiary undertakes to accept the deposit, return it after the obligation is extinguished and pay interest to the depositor.

By a certificate of deposit, a beneficiary confirms a fixed-term lump-sum deposit in the amount specified on the certificate of deposit.