How Do You Spell DEPOSIT?

1. A deposit refers to a sum of money or an item that is given or placed into the care or possession of someone or something as a way of guaranteeing an obligation, transaction, or agreement. It typically involves the act of entrusting funds or objects with a bank, financial institution, landlord, or other entity in order to ensure the fulfillment of a future payment or liability.

   In the context of banking, a deposit refers to the transfer of funds from an individual or business into a bank account. This amount can either be made in cash, check, or electronically through various means such as wire transfer or online banking. Deposits can be made for a variety of purposes, including saving, investing, or payment of bills and expenses. They provide a secure place for money to be held until needed or until specific conditions are met.

   In the realm of real estate and rental agreements, a deposit is a monetary amount paid upfront by a tenant to a landlord as security against potential damages or unpaid rent. This ensures that the tenant is committed to the lease agreement and relieves the landlord of potential financial risks.

   Overall, a deposit serves as a form of guarantee or assurance, providing security and confirming the intent of the depositor to fulfill their obligations or commitments. It is a crucial aspect of various financial transactions, aiming to protect all parties involved and establish a foundation of trust and responsibility.

2. A sediment, precipitate.

   A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.

3. • That which is intrusted to another, as money in a bank; a pledge or pawn; anything laid down or lodged.

   • To lay, throw down, or lodge; to lay up; to commit to, as a pledge; to lodge money in a bank.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for DEPOSIT

The word "deposit" comes from the Latin word "deposītum", which is the past participle of the verb "deponere". The Latin term is derived from the prefix "de-" meaning "down" or "away", and the verb "ponere" meaning "to put" or "to place". Hence, "deponere" signifies "to put down" or "to place aside". Over time, the term was adopted into Old French as "depositer", and then entered Middle English as "depositten". Eventually, it transformed into the modern English term "deposit", referring to a sum of money placed or kept in a bank account.

Idioms with the word DEPOSIT

Similar spelling words for DEPOSIT

Plural form of DEPOSIT is DEPOSITS

Conjugate verb Deposit

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