deposit
Meaning
A deposit is a sum of money placed in a bank account or given as a part of a payment for a purchase, which is often refundable or used to secure a transaction.
💡 A common mistake is using "deposit" interchangeably with "down payment," though they can have different implications in financial contexts.
Example Sentences
Word in Context
Anna
went
to
the
agency
to
sign
the
rental
contract
for
a
small
apartment
in
the
city
.
She
paid
a
deposit
to
secure
the
flat
,
and
the
agent
explained
when
it
would
be
refunded
.
The
contract
said
she
must
keep
the
apartment
clean
and
report
any
damage
before
moving
out
.
If
she
weren't
careful
,
she
would
lose
part
of
the
deposit
,
so
she
planned
to
take
photos
of
the
rooms
on
the
first
day
.
Once
the
paperwork
was
done
,
moving
in
felt
easy
and
calm
.
Common Phrases
security deposit
deposit account
initial deposit
Antonyms
Related Words
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