Meaning of the word "make a deposit" in English

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

make a deposit

US /meɪk ə dɪˈpɑːzɪt/
UK /meɪk ə dɪˈpɒzɪt/
"make a deposit" picture

Phrase

to put money into a bank account or to pay a sum of money as a first installment or as security

Example:
I need to make a deposit at the bank before it closes.
We had to make a deposit to reserve the venue for the wedding.