asked 67.3k views
3 votes
Is a depositor allowed to withdraw part of a safekeeping deposit?
a) Yes
b) No

1 Answer

2 votes

Final answer:

Yes, a depositor is allowed to withdraw part of a safekeeping deposit.

Step-by-step explanation:

Yes, a depositor is allowed to withdraw part of a safekeeping deposit. When bank customers deposit money into a bank, the bank treats these deposits as liabilities and owes the money to its customers. Therefore, customers have the right to withdraw their deposits, whether it is in part or in full.Loss history data helps underwriters evaluate the past claims history of the policyholder, which can indicate the likelihood of future claims.

answered
User Goneskiing
by
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