Definition, Meaning & Synonyms
deposit
Noun / Verb
/dɪˈpɒzɪt/
Definition
A sum of money placed into an account or given as a part of a larger payment.
Examples
- She made a deposit of $500 into her savings account.
- The landlord requires a security deposit before renting the apartment.
- He decided to deposit his paycheck as soon as he received it.
Meaning
To deposit means to put money into a bank account or to store something safely where it can be retrieved later.
Synonyms
- Payment
- Deposit money
- Down payment
- Retainer
