Why deposit received consider as liability or loan ? Please explain me..
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The deposit itself is a liability owed by the bank to the depositor. Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, he surrenders the legal title to the cash, and it becomes an asset of the bank
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When bank customers deposit money into a checking account, savings account, or a certificate of deposit, the bank views these deposits as liabilities. ... This loan is clearly an asset from the bank's perspective, because the borrower has a legal obligation to make payments to the bank over time.
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