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- Dictionarydeposit/dɪˈpɒzɪt/
noun
- 1. a sum of money paid into a bank or building society account: "cash funds which are an alternative to bank or building society deposits"
- 2. a sum payable as a first instalment on the purchase of something or as a pledge for a contract, the balance being payable later: "we've saved enough for a deposit on a house" Similar
verb
- 1. put or set down (something or someone) in a specific place: "he deposited a pile of school books on the kitchen table" Similar Opposite
- 2. place (something) somewhere for safekeeping: "a vault in which guests may deposit valuable property"
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to put something valuable, especially money, in a bank or safe (= strong box or cupboard with locks): There's a night safe outside the bank, so you can deposit money whenever you wish. deposit something in something I deposited £500 in my account this morning.
- English (US)
DEPOSIT meaning: 1. to leave something somewhere: 2. to put...
- Core Deposits
CORE DEPOSITS definition: money that a bank's usual...
- Direct Deposit
DIRECT DEPOSIT definition: 1. an arrangement in which money...
- Public Deposits
PUBLIC DEPOSITS definition: government money that is held in...
- Fixed Deposit
FIXED DEPOSIT definition: an arrangement with a bank in...
- Safety Deposit Box
SAFETY DEPOSIT BOX definition: 1. a safe deposit box 2. a...
- English (US)
- How A Deposit Works
- Types of Deposits
- Example of A Deposit
- The Bottom Line
- GeneratedCaptionsTabForHeroSec
A deposit is essentially your money that you transfer to another party, such as when you move funds into a checking accountat a bank or credit union. In the case of depositing money into a bank account, you can withdraw the money at any time, transfer it to another person’s account, or use it to make purchases. Banks might also offer the creation o...
There are two main types of deposits: demand and time. 1. Demand deposit: A demand depositis a conventional bank and savings account. You can withdraw the money anytime from a demand deposit account without advance notice. 2. Time deposits: Time deposits are those with a fixed time and usually pay a fixed interest rate, like a certificate of deposi...
Deposits are often required on many large purchases, such as real estate or vehicles, for which sellers require payment plans. Financing companies typically set these deposits at a certain percentage of the full purchase price. A down paymenton a home is essentially a deposit. You may have to pay a deposit in many rental scenarios, whether you are ...
A deposit in finance is typically when you transfer money to a bank account like a checking account for safekeeping. However, it can have other meanings as well. For example, you may need to place a deposit, or a certain amount of money, with a business to secure goods or services such as for a rental.
A deposit is money held in a bank account or with another financial institution that requires a transfer from one party to another. It can also be the amount of money used as security or collateral for delivery of goods or services. Learn about the types of deposits, such as demand and time deposits, and see an example of a deposit.
- Julia Kagan
Learn the various meanings and uses of the word deposit as a verb and a noun, with synonyms, examples, and word history. Find out how deposit relates to banking, geology, law, and medicine.
Deposit can be a verb meaning to place money or valuables in a bank or to give as security, or a noun meaning the money or valuables so placed. It can also mean a natural accumulation of material or a coating on a surface.
Learn the various meanings and uses of the word deposit as a noun and a verb in English. Find synonyms, examples, pronunciation, and word origin of deposit.
Learn the meaning of deposit as a noun in different contexts, such as money, rent, bank, politics and geography. See pictures, pronunciation, synonyms and collocations for deposit.
Deposit can mean to place or entrust money or valuables in a bank or other institution, or to leave something behind by a natural process. It can also refer to a coating, a sediment, or a mineral accumulation.
