A depositor is a depositor, an entity that has deposited a thing or contributed various values to a deposit of a certain state institution. For the first time this word appeared in the second half of the 19th century in the German language in the meaning of "put off."
History of the term “depositor”
As a modern economic concept, a depositor is a business entity that owns funds that are temporarily held by another entity in storage. This concept at the end of the 20th century acquired a slightly different meaning.
The main meaning of the word "depositor"
This is an employee - an individual - who did not receive wages within the terms specified in the employment contract. A more complete definition is a person who has not received timely payments due to him and other cash income. For example, a salary depositor is represented by workers and employees who have not received their accrued income (wages) on time (within three days ). It can also be persons against whom certain deductions were made in pursuance of certain documents of the judicial authorities.
If we turn to other languages, the word "depositor" in translation from English is a depositor. Therefore, we can confidently assume that the depositor and the depositor have a common etymology and similar content. Thus, these two concepts are identical in economic terms.
New meanings of the word “depositor”
There is another definition of the term “depositor” - this is simply a card of an employee who did not receive his salary. This concept is often used in determining the amount of money that a business entity has not paid within the established term concluded by the contract.
Often in everyday life another concept is used - a depository. In this case, the depositor is a person who uses the services provided by the depositary in terms of storing securities or keeping records of rights to such securities.
Deposited salary
Since the most common value of a depositor is associated with receiving a salary, let us dwell in more detail on this area of economic activity. Any reader can object that the modern payment of wages is carried out using plastic cards at ATMs. However, the consideration of the depositor in this case can be carried out in a theoretical aspect.
So, the presence at the cash desk of any institution of “live” funds in excess of the limits established by the legislative and normative procedure is allowed only on the days when salaries are paid. In the event of such situations when, for certain reasons, not all employees can receive money within three days, the remaining amounts must be deposited. At the same time, the deposited salary does not have any effect on the amount of tax payments calculated from the salary, since all contributions and taxes are calculated at the time of accrual.
The legislation of the Russian Federation does not establish a special deadline for the payment of wages declared as deposited. Therefore, when it becomes necessary to obtain such a salary, the employee contacts the accounting department with a written or oral statement. Moreover, the payment of this wage is carried out without “binding” to the days of payment, since the employee has the right to receive it in any case.
However, the payment procedure of this type must be regulated in a labor or collective agreement. This will avoid labor disputes and violation of the rights of employees in any enterprise.