deposit account

noun

Definition of deposit account

chiefly British
:a bank account in which people keep money that they want to save :savings account

Word by Word Definitions

deposit play
  1. : to place especially for safekeeping or as a pledge

  2. : to lay down : place

  3. : to let fall (something, such as sediment)

  1. : the state of being deposited

  2. : something placed for safekeeping: such as

  3. : money deposited in a bank

account play
  1. : a record of debit (see 2debit 1a) and credit (see 1credit 2d) entries to cover transactions involving a particular item or a particular person or concern

  2. : a statement of transactions during a fiscal period and the resulting balance

  3. : reckoning, computation

  1. : to furnish a justifying analysis or explanation

  2. : to be the sole or primary factor

  3. : to bring about the capture, death, or destruction of something


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