Deposit Meaning: Definition, Examples, and Translations
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deposit
[dɪˈpɒzɪt ]
Definitions
banking
A sum of money placed or kept in a bank account, usually to gain interest.
Synonyms
down payment, installment, payment.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| deposit |
Refers to an initial payment made to secure a service or purchase, typically with the intention of paying the remaining balance later.
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| down payment |
Specifically used to describe an initial, substantial payment made upfront when purchasing something expensive, like a house or car.
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| installment |
Refers to a series of regular, smaller payments made over time to pay off a debt or purchase.
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| payment |
A general term for any sum of money paid or the act of paying, without specifying the nature of the transaction.
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Examples of usage
- The customer made a deposit of $1000 into their savings account.
- She withdrew the deposit from the ATM.
banking
To put money into a bank account.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| deposit |
This word is best used in financial or formal contexts, such as when putting money into a bank account or leaving something valuable in a safe place.
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| put in |
This phrase is informal and is often used in casual conversations when talking about inserting or adding something into something else.
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| place |
This word is more general and can be used in everyday situations when putting something in a specific location.
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| store |
This word is typically used when talking about keeping something for a long time, often in a place designed for storage, such as a warehouse or cupboard.
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Examples of usage
- She deposited her paycheck into her checking account.
- He deposited cash at the teller window.
Translations
To see the translation, please select a language from the options available.
Origin of 'deposit'
The word 'deposit' originated from the Latin word 'depositum', meaning 'something deposited or placed'. Over time, the term evolved to refer specifically to money placed in a bank. The concept of deposits dates back to ancient civilizations, where people would entrust valuables to temples or other secure locations for safekeeping.
See also: deposits.