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English definition of “deposit”

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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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