Deposit

/dɪˈpɒzɪt/

Meaning & Definition

noun

A sum of money placed or kept in a bank account, usually to gain interest.

She made a deposit of $500 into her savings account.

A payment given as a guarantee for the performance of a contract or agreement.

He paid a deposit to secure the rental of the apartment.

A substance that has been laid down or accumulated.

There was a deposit of minerals in the cave.

verb

To place or store (money) in a bank or other financial institution.

I will deposit my paycheck into my checking account.

To lay down or place something in a specific position.

The construction workers will deposit the concrete in the foundation.

From Latin 'depositum', meaning 'something entrusted to another'.

security deposit

A sum of money held by a landlord as protection against damage.

first deposit

The initial payment made towards an account or investment.

deposit slip

A form used to deposit money into a bank account.

depositor

A person who deposits money in a bank.

depositary

A person or institution that holds a deposit.

To put money down.

I'm gonna deposit some cash on that new bike.

To leave something temporarily.

I need to deposit my bags at the hotel.