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deposit

Meaning in simple English, pronunciation and examples

Pronunciation: US /dɪˈpɑːzɪt/ · UK /dɪˈpɒzɪt/

Forms: deposits, deposited

deposit means: Money you pay first when buying something, before paying the rest.

noun

FIRST PAYMENTB1

Money you pay first when buying something, before paying the rest.

  • We paid a deposit today.
  • The deposit was ten percent of the price.
  • Can I buy this car with a small deposit?

How to use it: deposit on something (We paid a deposit on a new sofa.)

Similar words: down payment

Common phrases: pay a deposit, deposit on something

BANK MONEYB1

Money or valuable things placed in a bank to keep them safe.

  • Your deposit will earn interest.
  • She made a large deposit yesterday.
  • Are the deposits in this account protected?

Common phrases: bank deposit, cash deposit, make a deposit

RETURNABLE PAYMENTB1

Money you leave when borrowing or renting something, which you get back if you return it undamaged.

  • The bike rental requires a deposit.
  • They returned my deposit when I brought back the tent.
  • Will I lose my deposit if the camera breaks?

How to use it: deposit for something (You must leave a deposit for the borrowed tools.)

Similar words: security payment

Common phrases: refundable deposit, security deposit, deposit for something

LEFT MATERIALB2

A layer or amount of material left on a surface or in a place.

  • A white deposit covered the pipe.
  • The river left deposits of sand on the fields.
  • They discovered a rich mineral deposit beneath the hill.

How to use it: deposit of something (A deposit of salt covered the rocks.)

Similar words: buildup, accumulation

Common phrases: mineral deposit, salt deposit, deposit of something

UNDERGROUND LAYERB2

A layer or large amount of a natural substance found below a surface.

  • The deposit contains iron.
  • Workers discovered rich coal deposits underground.
  • This rock formed above a thick deposit of sand.

How to use it: deposit of something (They found a deposit of copper beneath the hill.)

Similar words: layer

Common phrases: mineral deposit, coal deposit, deposit of something

verb

BANK MONEYB1

To put money into a bank account.

  • I deposit money every month.
  • She deposited the cheque yesterday.
  • Can you deposit cash at this machine?

How to use it: deposit something in/into something (I deposit my earnings into my savings account.)

Similar words: pay in

Opposites: withdraw

Common phrases: deposit money, deposit a cheque

PUT DOWNB2

To put something down in a particular place.

  • He deposited his bag on the floor.
  • Floodwater deposits sand along the river.
  • Please deposit the package beside the door.

How to use it: deposit something in/on something (The bird deposits its eggs in a shallow nest.)

Similar words: put, place, lay

Common phrases: deposit something here, deposit eggs

INSERT PAYMENTB2

To put a coin or banknote into a machine to pay for something.

  • Deposit a coin to start the machine.
  • He deposited two notes and chose a drink.
  • How much money must I deposit for a ticket?

How to use it: deposit something in/into something (Deposit a coin into the slot to buy a ticket.)

Similar words: insert, put in

Common phrases: deposit a coin, deposit a note

Questions about deposit

What does deposit mean?

Money you pay first when buying something, before paying the rest.

What is deposit in other languages?

Türkçe: peşinat · Español: entrada · Français: acompte · Deutsch: Anzahlung · Italiano: acconto · 日本語: 頭金

How do you pronounce deposit?

In American English /dɪˈpɑːzɪt/; in British English /dɪˈpɒzɪt/.

How do you use deposit in a sentence?

We paid a deposit today. The deposit was ten percent of the price.

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