{"id":12654,"date":"2024-09-09T19:57:39","date_gmt":"2024-09-09T19:57:39","guid":{"rendered":"https:\/\/kesharidarpan.com\/?p=12654"},"modified":"2026-09-07T16:47:41","modified_gmt":"2026-09-07T16:47:41","slug":"deposit-definition-in-the-cambridge-english-18","status":"publish","type":"post","link":"https:\/\/kesharidarpan.com\/?p=12654","title":{"rendered":"DEPOSIT definition in the Cambridge English Dictionary"},"content":{"rendered":"

Another usage of a deposit occurs when a sum of money is used as security for the delivery of products or the use of services. Deposits made into checking accounts are transaction deposits, indicating the funds are liquid and immediately available. Generally, a person needs to deposit a certain amount to open a bank account. Hence, the money transferred by investors to checking or savings accounts at credit unions or banks is a deposit.
\nDeposit on Their parents wanted them to use the money for a deposit on a flat. Deposit of The flood left a thick deposit of mud over the entire ground floor of the house. Deposit something in something I deposited \u00a3500 in my account this morning.
\nDeposit sth with sb The documents have been deposited with the solicitor for safe-keeping. Deposit sth in\/into sth You can choose to have your salary deposited directly into your bank account. Deposit of There’s a 10p deposit\/deposit of 10p on the bottle, which you get back when you return the empty bottle. Returnable deposit We always take one month’s rent as a returnable deposit.<\/p>\n

Additional Resources<\/h2>\n

Because money is available on demand, these accounts are also referred to as “demand accounts” or “demand deposit accounts”, except in the case of NOW (negotiable order of withdrawal) accounts, which are rare checking accounts that require a seven-day notice before withdrawals. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Leave something as a deposit The sales person says if I leave $25 as a deposit, they’ll keep the dress for me. Deposit on Their parents wanted them to use the money for a deposit on a condo. Deposit of The flood left a thick deposit of mud over the entire first floor of the house.
\nIn the financial statements of the bank, the $100 in currency would be shown on the balance sheet as an asset of the bank and the deposit account would be shown as a liability owed by the bank to its customer. Subject to restrictions imposed by the terms and conditions of the account, the account holder (customer) retains the right to have the deposited money repaid on demand. From a legal and financial accounting standpoint, the noun “deposit” is used by the banking industry in financial statements to describe the liability owed by the bank to its depositor, and not the funds that the bank holds as a result of the deposit, which are shown as assets of the bank. A deposit account for the purpose of securely and quickly providing frequent access to funds on demand, through various different channels. Additionally, some banks pay customers interest on their account balances.<\/p>\n

Time Deposit<\/h2>\n

Transactions on deposit accounts are recorded in a bank’s books, and the resulting balance is recorded as a liability of the bank and represents an amount owed hook casino<\/a> by the bank to the customer. A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Pay a deposit We paid a deposit of $5,000 on the house, and paid the balance four weeks later. Normally any money deposited to a bank becomes property of the bank, for which it is liable to return the same monetary value, but not the same money. Pay a deposit We paid a deposit of \u00a35,000 on the house, and paid the balance four weeks later. If you deposit money into a standard deposit account at an FDIC-insured financial institution, your money will be covered by FDIC insurance up to FDIC limits.<\/p>\n