deposit

noun

UK/dɪˈpɒz.ɪt/
US/dɪˈpɑː.zɪt/

Definitions of deposit noun

substance

  1. C2CountableUncountable

    A substance or layer left behind, typically after a liquid has been removed.

    • Pour the wine carefully to avoid disturbing the sediment at the bottom of the bottle.

    • A white, chalky buildup often forms inside pipes and kettles in areas with hard water.

    • The floodwater left a substantial layer of mud across the entire ground floor of the building.

layer

  1. C2Countablegeologyspecialized

    A layer that has formed beneath the ground, particularly over an extended period.

    • Mineral, oil, and coal layers.

    • Geologists are examining the sedimentary layers in the region to understand its geological history.

    • A new natural gas deposit was discovered in that area.

money

  1. C1Countable

    A payment made, typically into a bank account.

    • A minimum initial deposit of $500 is required to open the account.

    • I made a deposit into my account today.

    • For convenience, you can directly deposit the check into your account.

  2. C1Countable

    A sum of money paid when renting an item, which is returned when the item is returned.

    • The yacht rental is £2,000 per week, plus a £200 refundable deposit.

    • A 10p deposit is charged on each bottle, refundable upon return of the empty container.

    • The car rental company requires a security deposit that will be refunded upon return of the vehicle.

payment

  1. B1Countable

    An initial payment made as part of the total cost of something.

    • The clerk mentioned that a £10 deposit would hold the dress for me.

    • We paid a £5,000 deposit on the house, with the remaining amount due in four weeks.

    • We require an initial deposit to secure your booking.

verb

UK/dɪˈpɒz.ɪt/
US/dɪˈpɑː.zɪt/

Definitions of deposit verb

leave

  1. TransitiveVerb + adv/prep

    To leave or put something somewhere.

    • After the floodwaters receded, they deposited mud over the entire area.

    • The bus left me stranded in a remote location.

    • Cuckoos lay their eggs in the nests of other bird species.

money

  1. C1Transitive

    To put something valuable, especially money, into a bank or safe.

    • The bank has a night safe outside where you can deposit funds at your convenience.

    • I deposited £500 into my account this morning.

    • She regularly deposits her valuable jewelry in the bank safe.

payment

  1. Transitive

    To pay an amount of money as an initial payment or security for a purchase or service.

    • We had to pay a $1,000 security deposit to the landlord to cover potential damage to the property.

    • You pay a 20 percent deposit now and the remaining balance upon delivery of the car.

    • They requested a deposit to secure the reservation.

Idioms

  • on deposit

    Refers to money that is saved in a bank or similar financial institution.

    She keeps most of her money on deposit in the credit union.