Deposit

Definition

Deposit refers to the action of placing something, typically money, in a bank or a safe location, or placing an item somewhere for safekeeping. It can also refer to a natural accumulation of substances like minerals, sand, or sediment. As a noun, it refers to the sum of money or item placed in safekeeping or the accumulated material in a specific location.

Parts of Speech

• Noun
• Verb

Pronunciation

American English

• IPA Pronunciation: /dɪˈpɑːzɪt/
• Respelling: dih-PAH-zit

British English

• IPA Pronunciation: /dɪˈpɒzɪt/
• Respelling: dih-POZ-it

The pronunciation of "deposit" differs slightly between American and British English, mainly in the vowel sound of the second syllable.

Etymology

The word "deposit" comes from the Latin word "depositum," meaning "something entrusted," which is derived from "deponere," meaning "to lay aside" or "to put down." It entered English in the late 16th century, primarily referring to the act of placing something valuable in safekeeping.

Derivatives

• Depository (noun)
• Depositor (noun)
• Deposited (verb/adjective)
• Deposit slip (noun)
• Deposit box (noun)

Synonyms

• Placement
• Submission
• Accumulation

Antonyms

• Withdrawal
• Removal
• Extraction

Usage

The term "deposit" is commonly used in financial, geological, and everyday contexts. In banking, it refers to the placement of money in an account. Geologically, it refers to the accumulation of natural materials, such as mineral deposits. It is also used in commerce and law to refer to an initial payment (a deposit) or items left for safekeeping. The term is versatile and widely applicable in various fields.

Related Terms

• Withdrawal: The action of removing money or an item from a place where it was kept.
• Deposit slip: A form used to record the placement of money into a bank account.
• Depository: A place where valuables or items are stored, often referring to banks or secure storage facilities.

Detailed Definitions

Noun

• A sum of money placed in a bank or similar institution: Refers to the money that is placed in a financial institution for safekeeping.
  • Example: "She made a deposit of $500 into her savings account."
• A natural accumulation of materials, such as minerals or sediments: Refers to layers of substances that build up over time in a particular location.
  • Example: "The river left behind a large deposit of sand."

Verb

• To place money or an object into a safe or secure location: Describes the act of entrusting something of value, such as money or property, for safekeeping.
  • Example: "He deposited the check at the bank."
• To accumulate naturally over time: Refers to the process by which natural substances gather in one place.
  • Example: "Over time, minerals deposited along the cave walls."