Definition, Meaning & Synonyms
depósito
noun
deh-POH-zee-toh
Definition
A deposit is a sum of money placed into a bank account or given as a pledge for an initial payment toward a purchase.
Examples
- She made a depósito in her savings account.
- The special depósito in the bank offers higher interest rates.
- He was asked to pay a small depósito to secure the rental property.
Meaning
In financial contexts, ‘depósito’ refers to a safe place where something is stored, commonly used when discussing money held in a bank.
Synonyms
- deposit
- down payment
- investment