Q.Correct the underlined word and rewrite the following sentence.
Deposit is a
long
term source of capital.

'Long' is wrong; the correct word is short.

A deposit is money borrowed by a company from its members or the public for a fixed, limited period. Under the Companies Act, 2013 and the Deposit Rules, such deposits must be for a minimum of six months and a maximum of thirty-six months (three years). Because the money is raised and repaid within this brief span, a deposit is treated as a short-term source of capital.

…

The statement is False. Depositors are creditors of the company, so they do not enjoy any voting rights.

A deposit is money accepted by a company as a loan for a fixed term against payment of interest. A depositor therefore only lends money and does not become an owner of the company. Voting rights and control over the company's management are attached to ownership, i.e. to equity shareholders. Depositors have a right to rec …