Deposit Meaning
Deposit Definition & Usage
A sum of money or valuable items placed in a bank or other financial institution for safekeeping, often with the intent to earn interest or ensure security.
Examples
- "She made a deposit of $1,000 into her savings account."
- "The bank requires a deposit of at least 10% before granting the loan."
- "John asked the cashier how much the deposit for the apartment was."
- "He put his paycheck into the bank as a deposit to start his month."
- "After years of saving, they made a large deposit into their retirement fund."
To place something, usually money, into a financial account or repository.
Examples
- "I need to deposit this check before the end of the day."
- "She deposited her paycheck into her account at the ATM."
- "Can you deposit the rent check when you get a chance?"
- "They deposited the funds into the company account to cover the expenses."
- "The customer was able to deposit his savings into the new account without any issues."
A layer or accumulation of substances, such as minerals, that naturally accumulate or are left behind in a certain location.
Examples
- "The river left a deposit of sand on the banks after the flood."
- "Mineral deposits were discovered deep in the mountain range."
- "This area is known for its oil deposits."
- "Archaeologists uncovered ancient deposits of pottery shards at the dig site."
- "The scientist found a significant deposit of salt under the ocean floor."
To leave or place something in a particular location, typically as a result of natural processes.
Examples
- "Sediment is deposited by the wind and water over time."
- "The floodwaters deposited debris across the fields."
- "The miner deposited the gold dust into a pan for examination."
- "As the tide receded, it deposited seaweed along the shoreline."
- "The volcano erupted, and the ash deposited in layers around the region."
Cultural Context
The word 'deposit' originates from the Latin 'deponere', meaning 'to lay down' or 'to put away'. In modern English, it has multiple meanings, primarily related to finance and physical accumulation. In the context of banking, it has been an essential concept since the development of financial institutions, while in geology, the term is critical for understanding natural formations.
The Mysterious Deposit
Story
The Mysterious Deposit
Late one evening, Emma walked into the bank to make her usual deposit. As she handed the teller her paycheck, she noticed an older gentleman standing by the vault, his eyes fixed on the deposit box. She found it odd that someone would still be here at such an hour, but her curiosity was interrupted when she noticed something strange—he had no deposit slip. She quickly made her deposit and left, but the image of the man stayed in her mind. The next morning, she came across the same man, now sitting at the same bench, clutching a large, old-fashioned deposit book. "I’ve been waiting for someone to help me with my deposit," he murmured, barely noticing her passing by. Emma paused, intrigued by his words. The man explained that he had come to deposit an old, valuable artifact into the bank’s vault, a legacy from his ancestors. The deposit wasn’t money, but something even more precious—a family heirloom. Emma watched as he handed over the item, carefully wrapped in velvet cloth. She realized then that the meaning of 'deposit' could be far more profound than simply money in a bank—it could represent the trust we place in others, the memories we safeguard, and the legacies we leave behind. Later that week, Emma found out that the artifact was a rare gemstone, one that would eventually fund scholarships for generations to come. She smiled, knowing that her own small deposits—of time, effort, and kindness—would one day create ripples of their own. As she walked back to her car, she felt a new appreciation for the word 'deposit,' and how its meaning could be as varied as the moments in life itself.
Related Words
