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English definition of “deposit”

deposit

noun
 
 
/dɪˈpɒzɪt/
[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. → Compare 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. depositask for/request a deposit Normally someone selling a house would ask for a deposit of at least 5%. non-refundable deposit → Compare 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
(Definition of deposit noun from the Cambridge Business English Dictionary © Cambridge University Press)
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