B2noun1K

Deposit

UK /["/dɪˈpɒzɪt/"]/US /["/dɪˈpɑːzɪt/"]/

Definition

a sum of money that is given as the first part of a larger payment

In simple words: To put money into a bank account.

Examples

  • She made a deposit of $500 into her savings account.
  • The landlord requires a security deposit before you move in.
  • The river left a rich sediment deposit on the banks after the flood.
  • They found a large deposit of gold in the mountains.
  • You can get your deposit back if you leave the apartment undamaged.
  • The company requires a deposit before processing your order.

Usage notes

Use 'deposit' when putting money into a bank. It's neutral and fits in both formal and informal contexts. Avoid using it in casual conversations about non-financial topics.

Grammar pattern

deposit + object

Memory hint

Think of 'deposit' as 'de-positing' money safely in a safe spot.

Collocations

  • pay
  • put down
  • deposit on
  • refundable
  • returnable
  • non-refundable
  • give (somebody)
  • leave (somebody)
  • pay (somebody)
  • deposit on
  • bank
  • building-society
  • cash
  • make
  • account
  • large
  • rich
  • thick
  • contain
  • have
  • form
  • large
  • rich
  • thick
  • contain
  • have
  • form

Synonyms

  • down payment

Antonyms

  • withdraw
  • take out

Common mistakes

  • 'Deposit' is sometimes confused with 'withdraw.'
  • Misusing 'deposit' as a noun when a verb is needed, e.g., saying 'I deposit money.' instead of 'I made a deposit.'
  • Confusing 'deposit' with 'pay' in casual contexts.