Deposits: meaning, definitions and examples

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deposits

 

[ dɪˈpɒzɪts ]

Noun / Verb
Context #1 | Noun

financial transactions

Deposits refer to money that is placed into a bank account. It is a sum of money that is usually placed for safekeeping or to earn interest.

Synonyms

funds, investment, savings.

Which Synonym Should You Choose?

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Word Description / Examples
deposits

Amounts of money placed into an account at a bank or financial institution. Often used when referring to actions performed on a regular basis or as part of a financial transaction.

  • She makes regular deposits into her savings account.
  • The company received large deposits from investors.
funds

A general term for money, especially when it is collected or stored for a particular purpose. This word is versatile and can be used in both formal and informal settings.

  • The charity is raising funds for new educational programs.
  • Do you have enough funds to cover the expenses?
savings

Money that someone has kept aside, usually in a savings account, and not spent. Commonly used in personal finance and household contexts.

  • She used her savings to pay for the trip.
  • It's important to build a savings for emergency situations.
investment

Money that is put into something with the expectation that it will generate a profit or increase in value over time. Typically used in more formal and financial contexts.

  • They made a significant investment in the stock market.
  • Real estate can be a great investment opportunity.

Examples of usage

  • I made a deposit of $100 into my savings account.
  • The bank requires a minimum deposit of $50 to open an account.
Context #2 | Noun

geology

In geology, deposits are layers or accumulations of minerals, rock, or other materials. They are formed by natural processes such as erosion or sedimentation.

Synonyms

reserves, veins.

Which Synonym Should You Choose?

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Word Description / Examples
deposits

Can also refer to sums of money placed in a bank or other financial institution.

  • She made a deposit of $500 into her savings account.
  • The rental agreement requires a deposit for security.
reserves

Used when referring to amounts of a resource that are available for future use, often in the context of natural resources or finances.

  • The country has large reserves of natural gas.
  • The central bank increased its gold reserves.
veins

Typically used to describe narrow, sheet-like bodies of mineral material that fill fractures or cracks in rock. It can also be used metaphorically.

  • Silver veins were found throughout the mountain range.
  • She found a vein of creativity that inspired her new artwork.

Examples of usage

  • The gold deposits in that region are extensive.
  • The mining company discovered a rich deposit of copper.
Context #3 | Verb

to put or set down

To deposit means to put or set down something in a specific place. It can refer to physically placing an object or making a payment into an account.

Synonyms

place, put, store.

Which Synonym Should You Choose?

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Word Description / Examples
deposits

Used in financial and geological contexts: can refer to money put into a bank account or natural accumulations of minerals.

  • She makes regular deposits into her savings account
  • The scientists discovered vast deposits of gold
place

Used for positioning or arranging an object in a specific location.

  • Please place the books on the shelf
  • She placed the vase on the table
put

General use for moving something to a particular position; very casual and versatile.

  • He put the keys on the counter
  • Can you put that box over there?
store

Refers to keeping objects or information for future use, especially in a protected or organized manner.

  • They store old records in the basement
  • You should store your food in the refrigerator

Examples of usage

  • Please deposit your bags in the luggage area.
  • I need to deposit this check at the bank.

Translations

Translations of the word "deposits" in other languages:

🇵🇹 depósitos

🇮🇳 जमाओं

🇩🇪 Einlagen

🇮🇩 deposito

🇺🇦 депозити

🇵🇱 depozyty

🇯🇵 預金

🇫🇷 dépôts

🇪🇸 depósitos

🇹🇷 mevduatlar

🇰🇷 예금

🇸🇦 الودائع

🇨🇿 vklady

🇸🇰 vklady

🇨🇳 存款

🇸🇮 vloge

🇮🇸 innlán

🇰🇿 депозиттер

🇬🇪 ანაბრები

🇦🇿 depozitlər

🇲🇽 depósitos

Etymology

The word 'deposits' originated from the Latin word 'deponere', which means 'to put down'. It first appeared in the English language in the late 18th century. Over time, 'deposits' has evolved to encompass various meanings related to finance, geology, and general actions of putting or setting down.

See also: deposit.

Word Frequency Rank

This word ranks #1,904, placing it within important intermediate vocabulary. Learning it will significantly improve your ability to express yourself in English.