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Nglish: Translation of deposit for Spanish Speakers. Britannica English: Translation of deposit for Arabic Speakers. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Log in Sign Up. Save Word. Definition of deposit Entry 1 of 2. Definition of deposit Entry 2 of 2. Keep scrolling for more. Examples of deposit in a Sentence Verb Your paycheck will be automatically deposited into your account.
Please deposit your things in your room and return to the hotel lobby. The taxi deposited us at the train station. Noun Our records show that she made a large deposit to her account earlier in the month. If you return that empty soda can, you'll get back the five-cent deposit you paid when you bought the soda. The rental car company requires a deposit for drivers under the age of See More. Recent Examples on the Web: Verb Users of the different apps and services deposit cryptocurrencies in accounts within each service.
Phrases Containing deposit certificate of deposit demand deposit deposit account deposit slip direct deposit make a deposit on deposit safe - deposit box security deposit. History and Etymology for deposit Verb and Noun Latin depositus , past participle of deponere — see depose.
Learn More About deposit. Time Traveler for deposit The first known use of deposit was in See more words from the same year. Style: MLA. Kids Definition of deposit Entry 1 of 2. Kids Definition of deposit Entry 2 of 2. Medical Definition of deposit Entry 1 of 2. Medical Definition of deposit Entry 2 of 2.
Legal Definition of deposit Entry 1 of 2. However, a deposit can refer to a portion of money used as security or collateral for the delivery of a good. A deposit encompasses two different meanings. One kind of deposit involves a transfer of funds to another party for safekeeping. Using this definition, deposit refers to the money an investor transfers into a savings or checking account held at a bank or credit union.
Often, a person must deposit a certain amount of money in order to open a new bank account, known as a minimum deposit. Depositing money into a typical checking account qualifies as a transaction deposit , which means that the funds are immediately available and liquid, without any delays.
The other definition of deposit refers to when a portion of funds is used as a security or collateral for the delivery of a good. Some contracts require a percentage of funds paid before the delivery as an act of good faith. For example, brokerage firms often require traders to make an initial margin deposit in order to enter into a new futures contract. When an individual deposits money into a banking account, it earns interest. This means that, at fixed intervals, a small percentage of the account's total is added to the amount of money already in the account.
Interest can compound at different rates and frequencies depending on the bank or institution. There are two types of deposits: demand and time. A demand deposit is a conventional bank and savings account. You can withdraw the money anytime from a demand deposit account.
Time deposits are those with a fixed time and usually pay a fixed interest rate, such as a certificate of deposit CD. These interest-earning accounts offer higher rates than savings accounts. However, time deposit accounts require that money be kept in the account for a set period of time. Deposits are also required on many large purchases, such as real estate or vehicles, for which sellers require payment plans. Financing companies typically set these deposits at a certain percentage of the full purchase price, and individuals commonly know these kinds of deposits as down payments.
In the case of rentals, the deposit is called the security deposit. A security deposit's function is to cover any costs associated with any potential damage done to the property or asset rented, during the rental period. A partial or a total refund is applied after the property or the asset is verified at the end of the rental period.
A cash deposit is. auri.jashe.xyz › Financial Learning Center › Personal Finances. A cash deposit is the money you pay into your bank account or savings account. The bank then has a liability to keep the money safely and pay you it back on the.