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English definition of “pay sth in/pay sth into sth”

pay sth in/pay sth into sth

phrasal verb with pay     /peɪ/ verb (paid, paid)
BANKING to put money into a bank account: They offer 3% interest if you pay a minimum of £1,000 a month into the account. If I give you some money, can you go to the bank and pay it in for me?
(Definition of pay sth in/pay sth into sth from the Cambridge Business English Dictionary © Cambridge University Press)
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