1

deposit

verb de·pos·it \ di-ˈpä-zət \
Updated on: 20 Nov 2017

Definition of deposit

deposited play \-ˈpä-zə-təd, -ˈpäz-təd\; depositing play \-ˈpä-zə-tiŋ, -ˈpäz-tiŋ\
transitive verb
1 :to place especially for safekeeping or as a pledge
  • depositing her tools in the trunk of the car
; especiallyeconomics :to put in a bank
  • having your paycheck automatically deposited into your bank account
2 a :to lay down :place
  • deposited himself in the chair next to me
b :to let fall (something, such as sediment)
  • layers of mud that had been deposited by the flood
intransitive verb
:to become deposited

depositor

play \-ˈpä-zə-tər, -ˈpäz-tər\ noun

Examples of deposit in a Sentence

  1. Your paycheck will be automatically deposited into your account.

  2. I deposited over $3,000 this afternoon.

  3. Please deposit your things in your room and return to the hotel lobby.

  4. The taxi deposited us at the train station.

Recent Examples of deposit from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deposit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of deposit

Latin depositus, past participle of deponere — see depose

deposit Synonyms

Synonyms
bank
Antonyms
withdraw
Related Words
cache, hoard, lay away, reserve, salt away, save, squirrel (away), stash, store, stow; invest
Near Antonyms
remove, take out; disburse, expend, give, lay out, pay, spend

2

deposit

noun

Definition of deposit

1 :the state of being deposited
2 :something placed for safekeeping: such as
a :money deposited in a bank
  • making a deposit or a withdrawal
  • a deposit of $3,000
b :money given as a pledge or down payment
  • put down a deposit on a new house
3 :a place of deposit :depository
4 :an act of laying or putting something or someone down :an act of depositing
  • the deposit of boulders by ancient glaciers
5 a :something laid down; especially :matter deposited by a natural process
  • sandy deposits at the river's mouth
  • fatty deposits in the arteries
b geology :a natural accumulation (as of iron ore, coal, or gas)

Examples of deposit in a Sentence

  1. Our records show that she made a large deposit to her account earlier in the month.

  2. If you return that empty soda can, you'll get back the five-cent deposit you paid when you bought the soda.

  3. The rental car company requires a deposit for drivers under the age of 25.

  4. a deposit of mud left by the flood

  5. He had surgery to remove calcium deposits from his knee.

  6. the buildup of fat deposits in the arteries

  7. Their company has discovered new oil deposits below the ocean floor.

Recent Examples of deposit from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deposit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of deposit

deposit Synonyms


Financial Definition of DEPOSIT

deposit

What It Is

In the finance world, a deposit is the placement of funds in an account with a bank or other financial institution. Many people also use the term to refer to a refundable down payment made to ensure that a future transaction occurs.

How It Works

In the banking world, there are two general types of deposits: demand deposits and time deposits. Demand deposits are the placement of funds into an account that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days' notice. Checking accounts are demand deposits. They allow the depositor to withdraw funds at any time, and there is no limit to the number of transactions a depositor can have on these accounts (although this does not mean that the bank cannot charge a fee for each transaction).

A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term whereby the depositor can withdraw the funds only after giving notice. Time deposits generally refer to savings accounts or certificates of deposit, and banks and financial institutions usually require 30 days' notice for withdrawal of these deposits. Individuals and companies often consider time deposits as "cash" or readily available funds even though they are technically not payable on demand. The notice requirement also means that banks may assess a penalty for withdrawal before a specified date. Time deposits may pay higher interest rates than demand deposits.

Why It Matters

Demand deposits at commercial banks are part of the M1 money supply calculated by the Federal Reserve. Time deposits below $100,000 are included in the Federal Reserve's M2 money supply measure, and time deposits above $100,000 are included in the M3 money supply. The Federal Reserve currently does not place reserve requirements on savings deposits and CDs, but the amount of demand deposits an institution has often dictates all or part of the reserves it must keep on hand either in vault cash or on deposit with the Federal Reserve; the more dollars an institution has in demand deposits, the more dollars it must keep in reserves.


time deposit

What It Is

A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term whereby the depositor can only withdraw the funds after giving notice.

How It Works

Time deposits generally refer to savings accounts or certificates of deposit, and banks and financial institutions usually require 30 days notice for withdrawal of these deposits.

Why It Matters

Individuals and companies often consider time deposits as cash, or readily available funds, even though they are technically not payable on demand. The notice requirement also means that banks may assess a penalty for withdrawal before a specified date.

Time deposits may pay higher interest rates than demand deposits such as checking or money market accounts, which allow withdrawals at any time. The Federal Reserve currently does not place reserve requirements on savings deposits and CDs.

Time deposits below $100,000 are included in the Federal Reserve's M2 money supply measure, and time deposits above $100,000 are included in the M3 money supply.



DEPOSIT Defined for English Language Learners

deposit

verb

Definition of deposit for English Language Learners

  • : to put (money) in a bank account

  • : to put or leave (someone or something) in a particular place

  • : to leave an amount of (something, such as sand, snow, or mud) on a surface or area especially over a period of time


deposit

noun

Definition of deposit for English Language Learners

  • : an amount of money that is put in a bank account

  • : money that you give someone when you agree to buy something (such as a house or car)

  • : money that you pay when you buy or rent something and that you can get back if you return the thing or leave it in good condition


DEPOSIT Defined for Kids

1

deposit

verb de·pos·it \ di-ˈpä-zət \

Definition of deposit for Students

deposited; depositing
1 :to place for or as if for safekeeping
  • I deposited money in the bank.
2 :to give as a pledge that a purchase will be made or a service used
  • He deposited ten dollars on a new bicycle.
3 :to lay down :put
  • He deposited his books on the table.
4 :to let fall or sink
  • Layers of mud were deposited by flood waters.

2

deposit

noun

Definition of deposit for Students

1 :the state of being deposited
  • money on deposit
2 :money that is deposited
3 :something given as a pledge or as part payment
  • He put a deposit of ten dollars on a new bicycle.
4 :something laid or thrown down
  • A deposit of mud was left by the flood.
5 :mineral matter built up in nature
  • a coal deposit

Medical Dictionary

1

deposit

transitive verb de·pos·it \ di-ˈpäz-ət \

medical Definition of deposit

deposited play \-ˈpäz-ət-əd, -ˈpäz-təd\; depositing play \-ˈpäz-ət-iŋ, -ˈpäz-tiŋ\
:to lay down or foster the accumulation of as a deposit
  • crystals are deposited in the articular cartilage, the synovium, and the capsule
  • Medical Radiography & Photography

2

deposit

noun

medical Definition of deposit

:matter laid down or accumulated especially in a living organism by a normal or abnormal process
  • removal of calcium deposits in his knees by arthroscopic surgery

Law Dictionary

1

deposit

transitive verb de·pos·it \ di-ˈpä-zət \

legal Definition of deposit

1 :to place for safekeeping or as security
  • may deposit the property with the court
; especially :to put in a bank account
2 in the civil law of Louisiana :to place (movable property) under a deposit
  • the depository can not make use of the thing deposited
  • Louisiana Civil Code

depositor

play \di-ˈpä-zə-tər\ noun

2

deposit

noun

legal Definition of deposit

1 :the state of being deposited (as in an account)
  • holding the property on deposit
— compare escrow, trust
2 :something placed for safekeeping: as
a :money deposited in a bank especially to one's credit
demand deposit
:a bank deposit that can be withdrawn without prior notice
general deposit
:a deposit of money in a bank that is to the credit of the depositor thereby giving the depositor the right to money and creating a debtor-creditor relationship
special deposit
:a deposit that is made for a specific purpose, that is to be returned to the depositor, and that creates a bailment or trust
time deposit
:a bank deposit that can be withdrawn only after a set period of time or with prior notice
b :something given as security — see also security deposit
Note: A deposit may be applied to a purchase price or may be considered partial payment.
3 in the civil law of Louisiana
a :the gratuitous transfer of possession of movable property to another for a limited time or specified purpose such that the depositary is liable to some extent for loss or damage to the property — see also sequestration — compare bailment, hiring, loan for consumption and loan for use at loan
Note: Like the common-law bailment, the civil law deposit requires either actual or constructive delivery.
necessary deposit
:a deposit compelled by a sudden emergency
Note: The Louisiana Civil Code deems the deposit of travelers' belongings with an innkeeper a necessary deposit.
voluntary deposit
:a deposit that is made by the mutual consent of the depositor and depositary
Note: The consent required may be express or implied, and because of the requirements of consent, only persons with the capacity to contract can make a voluntary deposit.
b :the movable property that is the object of a deposit
  • the depositary is bound to use the same diligence in preserving the deposit that he uses in preserving his own property
  • Louisiana Civil Code
4 :an act of depositing
  • upon the deposit of the money in the escrow account
5 :depository
  • night deposit


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