English-English Dictionary

Meaning of the word deposit in English

What does deposit mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

deposit

US /dɪˈpɑː.zɪt/
UK /dɪˈpɑː.zɪt/
"deposit" picture

Noun

1.

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

Example:
•
I made a large deposit into my savings account.
•
The bank requires a minimum deposit of $100 to open an account.
Synonym:
paymentlodgmentdown payment
2.

a sum payable as a first installment on the purchase of something or as a pledge for a contract

Example:
•
We paid a deposit to reserve the wedding venue.
•
The landlord requires a security deposit equal to one month's rent.
Synonym:
down paymentsecurity depositearnest money
3.

a layer or mass of accumulated matter

Example:
•
The river left a thick deposit of silt on the banks.
•
Mineral deposits are often found in volcanic regions.
Synonym:
sedimentaccumulationlayerstratum

Verb

1.

put or set down (something) in a specific place

Example:
•
Please deposit your trash in the designated bins.
•
The river deposits sediment at its mouth.
Synonym:
placeputlayset down
2.

pay (a sum of money) as a first installment or as a pledge for a contract

Example:
•
You need to deposit $500 to secure the booking.
•
She decided to deposit her bonus directly into her investment account.
Synonym:
paylodgeput down
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Related Word:
deposition