What is the meaning of "deposit"? - Question about English (US) (2024)

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bichvanks94

27 Mar 2016

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pythonpoole

27 Mar 2016

  • English (US)
  • English (UK)

There are many different meanings depending on the context.

1. To add money/funds to a bank account (the opposite of "withdraw"); as a noun it may refer to the money you have deposited into a bank account

2. To dump or place objects/matter somwhere (e.g. "The company was depositing chemicals into the ocean"); as a noun it may refer to objects/matter that have been deposited or have accumulated over time.

3. The first installment (payment) on a large purchase that is split up into multiple installments (payments), also sometimes referred to as a "down payment"

4. a "security deposit" fee you pay before renting property/equipment that covers the cost of potential damage/theft. If you safely return the property/equipment later without damage, you may get the security deposit back.

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