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 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 Banks, which for years paid next to nothing on deposit accounts, gradually raised their rates in response. Steve Garmhausen, wsj.com, 13 Dec. 2023 Ackman and others have been arguing for the government to step in and lift the limit on deposit insurance, which currently tops out at $250,000 — a fraction of what some businesses must hold in their balances to run their day-to-day operations. Allison Morrow, CNN, 4 May 2023 The bank also specialized – in this case, in the New York real estate market – and in 2018 began allowing customers with at least $250,000 on deposit to use cryptocurrency, a digital kind of money. Laurent Belsie, The Christian Science Monitor, 1 May 2023 Some lawmakers have suggested raising the $250,000 cap on deposit insurance. Brian Gendreau, Fortune, 18 Apr. 2023 In fact, around the time the scam broke out, several WhatsApp videos of PMC depositors who were negatively impacted by the limit placed on deposit withdrawal, started going around. Vivek Kaul, Quartz India, 1 July 2020

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 26 Apr. 2024.

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