Deposit
A sum of money placed in a bank or financial account; or a natural accumulation of minerals or other substances.
nounDeposit
A sum of money placed in a bank or financial account; or a natural accumulation of minerals or other substances.
nounImagine This
Picture a miner locating a gleaming mineral deposit in a cave, then imagine going to a bank to make a deposit into your savings account.
Sounds Like
dih-POZ-it
Looks Like
de-posit (prefix de- meaning down) + -posit (root related to 'to place'); resembles the word 'positive' in spelling
Remember This
Deposit has two common noun senses: money placed in a bank and a natural accumulation of minerals; there is also a verb form meaning to place something somewhere for safekeeping.
Other Forms
Connect With
place, lay down, store, savings, security, reserve, ore vein
Note
In banking, a deposit increases your account balance. A security deposit is money paid to secure a rental agreement. Be careful not to confuse with 'deposition' (the process of depositing) or 'depository' (a place that stores things).