on deposit

idiom

of money
: in a bank account
The company has millions of dollars on deposit with several foreign banks.

Examples of on deposit in a Sentence

Recent Examples on the Web Savings rates While the central bank has no direct influence on deposit rates, the yields tend to be correlated to changes in the target federal funds rate. Jessica Dickler, CNBC, 31 July 2024 Greg McBride, chief financial analyst at Bankrate.com, sees payouts on deposit accounts falling gradually over the course of the year. The Arizona Republic, 7 Jan. 2024 The book has been in the Harvard Library collection since 1934 on deposit from John B. Stetson Jr., a philanthropist and businessman. Katherine Itoh, NBC News, 28 Mar. 2024 Both stock and bond investors have counted some gains of late, while savers are earning higher yields on deposit accounts. The Arizona Republic, 7 Jan. 2024 See all Example Sentences for on deposit 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'on deposit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“On deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/on%20deposit. Accessed 16 Sep. 2024.

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