paying agent – entity designated by the Deposit Guarantee Fund in the banking system to compensate the depositors of a member institution in cases where their deposits become unavailable;

the bank – legal person as defined in art. 3 of Law no. 202/2017 regarding the activity of banks, as well as branches of banks from other states, which operate in the Republic of Moldova;

compensation – reimbursement of guaranteed deposits to depositors;

joint account - account opened in the name of two or more persons or over which two or more persons exercise rights based on the signature of one or more of these persons;

depositor – the holder of a deposit or, in the case of a joint account, each of the holders of a deposit;

deposit – a credit balance resulting from the funds existing in an account or from temporary situations arising from normal banking transactions and which a bank is obliged to repay in accordance with the applicable legal and contractual conditions, including time deposits and deposits savings, except for a credit balance that meets one of the following conditions:
a) its existence can only be proven through a financial instrument provided for in art. 4 paragraph (1) of Law no. 171/2012 on the capital market;
b) the principal is not repayable at the nominal value;
c) the principal can be repaid at nominal value only under a guarantee or certain agreement provided by the bank or a third party, including subordination agreements (agreements which provide that, in the event of bankruptcy, the satisfaction of the creditor's balance will be carried out only after satisfying the unsecured creditors);

eligible deposit – deposit that is not excluded from the guarantee;

deposits excluded – deposits that are not guaranteed by the deposit guarantee scheme;

guaranteed deposit – part of the eligible deposit, including the accrued interest, calculated on the date of unavailability of the deposit, which does not exceed the coverage level and is guaranteed by the deposit guarantee scheme;

deposit unavailable - deposit due and payable, which, however, was not paid by the member institution under the applicable legal or contractual conditions when the National Bank of Moldova ordered the forced liquidation of the said member institution;

member institution – bank registered as a member of the Bank Deposits Coverage Fund;

coverage level – the maximum amount guaranteed by the Fund to cover bank deposits per each depositor and per each member institution;

deposit guarantee scheme - scheme established in the Republic of Moldova for compensating depositors in case their deposits become unavailable.