What is a Depositum? Definition, Examples, and Legal Significance

Depositum is a Latin word that means "thing deposited" or "deposit". In legal contexts, it refers to something that has been placed in the custody of another person or entity for safekeeping. This can include money, documents, property, and other types of assets. The person or entity holding the depositum is known as the depositary.

In banking, a depositum is typically a sum of money that a customer deposits into their bank account. The bank acts as the depositary and holds the money in trust for the customer, who can withdraw it at any time subject to certain conditions.

In law, a depositum can be used as evidence in legal proceedings to prove the existence of a contract or agreement between parties. For example, if one party deposits money with another party as part of a contract, the depositum can serve as proof that the contract exists and that the parties have fulfilled their obligations under the contract.