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6 days ago · What does deposit mean? A deposit is the amount of money you give to a financial institution, such as a bank, to hold for you in an account.
Jul 22, 2021 · In financial terms, “deposit” means placing money into the care of a bank or other financial institution. Financial institutions and banks offer numerous types of deposit accounts with varying benefits.
Deposit definition: to place for safekeeping or in trust, especially in a bank account.. See examples of DEPOSIT used in a sentence.
Define deposit. deposit synonyms, deposit pronunciation, deposit translation, English dictionary definition of deposit. v. de·pos·it·ed , de·pos·it·ing , de·pos·its v. tr. 1. To put or set down; place. 2. To lay down or leave behind by a natural process: layers of sediment...
The meaning of DEPOSIT is to place especially for safekeeping or as a pledge; especially, economics : to put in a bank. How to use deposit in a sentence.
DEPOSIT definition: 1. to leave something somewhere: 2. to put something valuable, especially money, in a bank or safe…. Learn more.
Dec 14, 2023 · A deposit is money added to a bank account, for safekeeping or to earn interest. It can also refer to a partial payment to secure goods or services, such as a security deposit on a rental...
Jul 21, 2025 · Understanding how bank deposits work and the pros and cons of each type of deposit can help you better manage your money. Here’s what you need to know. Key Points. • Bank deposits store funds securely, potentially earning interest. • Checking accounts provide easy access for daily transactions.
A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.
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