Posted: Feb 21, 2014 7:34 pm
by VazScep
UndercoverElephant wrote:No. Banks treat loans as assets. The deposit is just money that has been deposited, which it is free to do whatever it wants with. This is a liability, rather than a debt. The bank is liable to pay you back the money.
Well, I was hoping there was something useful to phrasing it this way, but I'll defer to you on that one. Cheers!