deposit
noun
uk/dɪˈpɒzɪt/ us [ C ] BANKING
an amount of money that someone pays into a bank account:
Using the cash machine I can make a deposit at any time of the day.
have/keep/hold money on deposit Rather than hold money on deposit, you should pay off your debts.
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withdrawal
[ C ] COMMERCE, PROPERTY
a part of the cost of something such as a product or property that a buyer pays to a seller so that it will not be sold to anyone else:
make/pay/put down a deposit (on sth) Many families put down a deposit for their summer holidays as early as January.
a €50/$100, etc. deposit
ask for/request a deposit Normally someone selling a house would ask for a deposit of at least 5%.
non-refundable deposit
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down payment
deposits
[ plural ] BANKING, ECONOMICS
the total amount of money that has been paid into a particular bank, or into the banks in a particular place:
The bank now has more than 1m account holders and deposits of around £1.7bn.
The government closed banks for a week, trying to prevent a run on deposits.
[ C ] PROPERTY
an amount of money that someone renting a property pays to the owner of the property, which they get back when they leave only if they have not caused any damage:
ask for/require a deposit Landlords will usually require a deposit.
lose a deposit I once lost a deposit on a flat when I knocked something over and stained the carpet.
See also
bank deposit
cash ratio deposits
certificate of deposit
core deposits
demand deposit
direct deposit
fixed deposit
money market deposits
public deposits
retail deposits
sight deposit
term deposit
time deposit
deposit
verb [ T ]
uk/dɪˈpɒzɪt/ us BANKING
to put money into a bank account, especially one that pays interest:
deposit money/a cheque/funds
deposit sth in/into sth You can choose to have your salary deposited directly into your bank account.
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withdraw
to leave money or something that is valuable in a safe place:
deposit sth with sb The documents have been deposited with the solicitor for safe-keeping.