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English definition of “deposit”

deposit

noun [C] (MONEY)   /dɪˈpɑz·ɪt/
an amount of money paid into an account : She made a large deposit last Thursday . A deposit is also a sum of money that is given in advance as part of a total payment for something: Will you get your deposit back if you cancel the trip ? A deposit is also an additional sum of money that you pay when you rent something to make sure you return the item or to pay for repairs : The apartment rents for $1200 a month , and we want one month’s rent for a deposit. A deposit is also an amount paid in addition to the cost of something to make sure you bring its container back when you have used it: a bottle deposit
(Definition of deposit noun (MONEY) from the Cambridge Academic Content Dictionary © Cambridge University Press)
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