deposit

I. deposit de‧pos‧it 1 [dɪˈpɒzt ǁ dɪˈpɑː-] noun
1. [countable] BANKING an amount of money paid into a bank account or held in a bank account, especially when it is earning interest:

• Residents have some $4 billion in deposits in local financial institutions.

• The Hong Kong bank had more than US$1 billion on deposit when it was closed.

— see also certificate of deposit, memorandum of deposit
diˌrect deˈposit [countable, uncountable]
BANKING a method for paying someone's wages directly into their bank account, or the amount paid in:

• Offer direct deposit to your employees with our online banking service.

• Many banks will waive monthly fees on certain accounts where there is a regular direct deposit.

ˌfixed deˈposit [countable] BANKING
an amount of money held in a bank account and earning a particular rate of interest for a fixed period of time:

• Investors are now able to obtain a better yield, 5%, from one-year fixed deposits at the National Savings Bank.

2. deposits [plural] BANKING the total amount of money held in bank accounts etc within an economy
ˈbank deˌposits [plural] BANKING
the total amount of money that customers have paid into a particular bank or into all banks in a particular area or economy:

• The money supply, essentially the sum of all currency and bank deposits, barely grew in the fourth quarter.

ˌcash ˈratio deˌposits [plural] BANKING
the amount of money that a country's banks must leave with its central bank. Interest on this money helps pay the central bank's costs:

• Banks hope the rate for cash ratio deposits will drop from 0.35% of their sterling deposits to 0.2%.

ˈcore deˌposits [plural] BANKING
the money available to a bank in its customers' accounts, rather than through the money market:

• We have added 68,000 new savings and checking accounts, to bring total core deposits to $13.2 billion.

ˈeurodollar deˌposits [plural] BANKING
US dollars held by banks outside the US on which interest is paid:

• Three-month eurodollar deposits yield 6.69%, compared with 9.125% for equivalent euro deposits.

ˈmoney ˌmarket deˌposits [plural] FINANCE
money held on the money market rather than in bank accounts:

• Investors have shifted their funds into short-term money market deposits, where they can earn interest rates as high as 8%.

ˈpublic deˌposits [plural] BANKING
money belonging to the British government held by the Bank of England:

• The public deposits are usually relatively small, as surplus cash is used for repayment of government debts.

ˈretail deˌposits [plural] BANKING
another name for core
3. [countable] also deposit account BANKING a bank account in which money can be held and will earn interest
ˈcall deˌposit [countable] BANKING
a type of bank account from which you can take out money immediately without paying a charge and without informing the bank in advance:

• For customers specifically wanting US dollars, it has a US Dollar Call Deposit Account, offering interest and immediate access to funds.

deˈmand deˌposit [countable] BANKING
another name for a call deposit:

• Bank of America requires no minimum balance on its demand deposit account.

ˈsight deˌposit [countable] BANKING
another name for a call deposit:

• The most familiar form of sight deposit are current accounts at banks.

ˈterm deˌposit also ˈtime deˌposit [countable] BANKING
a bank account in which you must leave your money for a minimum period of time and from which you can only take out money after informing the bank in advance:

• More than $150 billion was withdrawn from time deposits in thrifts and banks last year.

4. [countable] PROPERTY a small first payment that you make for a house, car, holiday etc:

• You have to put down a deposit of 10% of the total cost.

5. [countable] PROPERTY an amount of money that you pay when you rent something which will be given back to you if you do not damage the thing you are renting:

• You will have to pay one month's rent in advance, plus a deposit of $500.

  [m0] II. deposit deposit 2 verb [transitive] BANKING
to leave money or other valuable things at a bank:
deposit something in something

• He advised her to sell the shop and deposit the money in the bank.

deposit something with somebody/​something

• The dollars were deposited with banks outside the USA.

* * *

Ⅰ.
deposit UK US /dɪˈpɒzɪt/ noun
[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(Cf. ↑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. deposit

ask for/request a deposit »

Normally someone selling a house would ask for a deposit of at least 5%.

»

non-refundable deposit

Compare DOWN PAYMENT(Cf. ↑down payment)
deposits — Cf. deposits
See Note MONEY(Cf. ↑money)
[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(Cf. ↑bank deposit), CASH RATIO DEPOSITS(Cf. ↑cash ratio deposits), CERTIFICATE OF DEPOSIT(Cf. ↑certificate of deposit), CORE DEPOSITS(Cf. ↑core deposits), DEMAND DEPOSIT(Cf. ↑demand deposit), DIRECT DEPOSIT(Cf. ↑direct deposit), FIXED DEPOSIT(Cf. ↑fixed deposit), MONEY MARKET DEPOSITS(Cf. ↑money market deposits), PUBLIC DEPOSITS(Cf. ↑public deposits), RETAIL DEPOSITS(Cf. ↑retail deposits), SIGHT DEPOSIT(Cf. ↑sight deposit), TERM DEPOSIT(Cf. ↑term deposit), TIME DEPOSIT(Cf. ↑time deposit)
Ⅱ.
deposit UK US /dɪˈpɒzɪt/ verb [T]
BANKING to put money into a bank account, especially one that pays interest: »

deposit money/a cheque/funds

deposit sth in/into sth »

You can choose to have your salary deposited directly into your bank account.

Compare WITHDRAW(Cf. ↑withdraw)
to leave money or something that is valuable in a safe place: deposit sth with sb »

The documents have been deposited with the solicitor for safe-keeping.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • deposit — de·pos·it 1 /di pä zət/ vt 1: to place for safekeeping or as security may deposit the property with the court; esp: to put in a bank account 2 in the civil law of Louisiana: to place (movable property) under a deposit the depository can not make… …   Law dictionary

  • Deposit — may refer to: Deposit (town), New York Deposit (village), New York Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder Demand deposit, the funds held in demand deposit accounts in commercial banks …   Wikipedia

  • Deposit — De*pos it, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. d[ e]p[^o]t, OF. depost. See {Deposit}, v. t., and cf. {Depot}.] 1. That which is deposited, or laid or thrown down; as, a deposit in a flue; especially, matter precipitated… …   The Collaborative International Dictionary of English

  • deposit — n Deposit, precipitate, sediment, dregs, lees, grounds mean matter which settles to the bottom of or is let fall from suspension in a fluid (as air or water). Deposit, the most comprehensive term, refers to matter let fall by a natural or… …   New Dictionary of Synonyms

  • déposit — ● déposit nom masculin (anglais deposit, dépôt) En Bourse, synonyme de couverture. ● déposit (synonymes) nom masculin (anglais deposit, dépôt) Synonymes : couverture …   Encyclopédie Universelle

  • deposit — ► NOUN 1) a sum of money placed in a bank or other account. 2) a sum payable as a first instalment or as a pledge. 3) a returnable sum paid to cover possible loss or damage. 4) a layer or body of accumulated matter. 5) the action or an act of… …   English terms dictionary

  • Deposit — De*pos it, v. t. [imp. & p. p. {Deposited}; p. pr. & vb. n. {Depositing}.] [L. depositus, p. p. of deponere. See {Depone}, and cf. {Deposit}, n.] 1. To lay down; to place; to put; to let fall or throw down (as sediment); as, a crocodile deposits… …   The Collaborative International Dictionary of English

  • Deposit — Deposit, NY U.S. village in New York Population (2000): 1699 Housing Units (2000): 823 Land area (2000): 1.257708 sq. miles (3.257448 sq. km) Water area (2000): 0.059620 sq. miles (0.154416 sq. km) Total area (2000): 1.317328 sq. miles (3.411864… …   StarDict's U.S. Gazetteer Places

  • Deposit, NY — U.S. village in New York Population (2000): 1699 Housing Units (2000): 823 Land area (2000): 1.257708 sq. miles (3.257448 sq. km) Water area (2000): 0.059620 sq. miles (0.154416 sq. km) Total area (2000): 1.317328 sq. miles (3.411864 sq. km) FIPS …   StarDict's U.S. Gazetteer Places

  • deposit — [n1] down payment; money saved drop, installment, money in the bank, partial payment, pledge, retainer, security, stake, warranty; concepts 340,344 Ant. debit, withdrawal deposit [n2] accumulation of solid alluvium, delta, deposition, dregs,… …   New thesaurus

  • deposit — [dē päz′it, dipäz′it] vt. [< L depositus, pp. of deponere, to put down < de , down + ponere, to put: see POSITION] 1. to place or entrust for safekeeping 2. to put (money) in a bank, as for safekeeping or to earn interest 3. to put down as… …   English World dictionary

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