made a deposit at the bank every week. 'increment': 0.5, if(pl_p) Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Earnest money (also known as a “good faith” deposit) indicates that the buyer is putting money “down” on the purchase, showing their “good faith” in moving forward with the transaction. googletag.pubads().enableSingleRequest(); Definition of Deposit . bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, Definition: Deposit money banks are resident depository corporations and quasi-corporations which have any liabilities in the form of deposits payable on demand, transferable by cheque or otherwise usable for making payments. 'cap': true Usage explanations of natural written and spoken English. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, Click on the arrows to change the translation direction. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; } So if you were buying a $300,000 home, the deposit would be $3,000 to $9,000. googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); window.__tcfapi('addEventListener', 2, function(tcData, success) { // FIXME: (temporary) - send ad requests only if PlusPopup is not shown 'All Intensive Purposes' or 'All Intents and Purposes'? googletag.pubads().setTargeting("cdo_pt", "entry"); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9699e70178783c43f941643ca4022f' }}, } userIds: [{ pbjs.que = pbjs.que || []; iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/deposit-money"); }, { bidder: 'sovrn', params: { tagid: '346698' }}, userSync: { googletag.cmd.push(function() { Learn more. } else { filter: 'include' if(success && (tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded')) { pbjsCfg.consentManagement = { So if you were buying a $300,000 home, the deposit would be $3,000 to $9,000. × It looks like Cookies are disabled in … Deposit. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, } Example: Sam just paid a deposit of $2,000 on a new car, and needs to borrow $18,000 to finish the deal. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, iasLog("criterion : cdo_pc = dictionary"); { bidder: 'appnexus', params: { placementId: '11654157' }}, Deposit money definition, checks, letters of credit, etc., that circulate and are payable on demand. Why Do Bank Deposits Matter? { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, iasLog("OT mode", "CCPA"); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, var pbAdUnits = getPrebidSlots(curResolution); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, Setting up direct deposit is typically easy and can save you a lot of time. 0 && stateHdr.searchDesk ? { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, },{ iasLog("OT mode", "GDPR-GDPL"); account, budget, fund, kitty, nest egg, pool. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; 'min': 3.05, iasLog("OT mode", "default"); type: "html5", }, name: "unifiedId", const customGranularity = { However, it became inconvenient to carry around sufficient gold. var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); var pbDesktopSlots = [ { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, Cash deposits don't have to be cash, they can be cheques or money transfers – the term applies to all money paid into an account. iasLog("exclusion label : mcp"); Definition of deposit money. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, You are making a deposit when you put money into your bank account. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, An earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.. { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: '8a9694390178783c4ccf416436a60266' }}, }, Example: Sam just paid a deposit of $2,000 on a new car, and needs to borrow $18,000 to finish the deal. What is a current account? bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, pbjsCfg = { googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); var pbjs = pbjs || {}; googletag.pubads().setTargeting("cdo_pc", "dictionary"); iasLog("criterion : cdo_ei = deposit-money"); {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); iasLog("exclusion label : resp"); storage: { { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, EM-ECB ACH see automated clearing house. The purpose of the advance deposit is to guarantee a reservation, and the full amount is applied to the guest's bill upon checkout. priceGranularity: customGranularity, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 'increment': 1, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/23202586/cdo_leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, Sophisticated ATMs can deposit to your account based on the debit/ATM card you use, and they can even scan cash and checks in real-time. 'min': 31, iframe: { { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: '8a9694390178783c4ccf4164d12a0272' }}, As a financial term, a deposit is money you've placed in a bank for safekeeping or in any other type of account. deposit money definition: 1. part of the cost of something such as a product or property that is paid to the seller, so it…. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9694390178783c4ccf416425e10264' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: '8a9699e70178783c43f941652a820248' }}, Deposit: matter that settles to the bottom of a body of liquid. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); 'min': 0, payment instruments that allow customers to access their deposit accounts and to transfer the deposits therein. { bidder: 'appnexus', params: { placementId: '11653860' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/23202586/cdo_leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, A deposit is a transaction involving a transfer of money to another party for safekeeping. See more. googletag.pubads().setTargeting("cdo_l", "en"); ga('set', 'dimension2', "entry"); 3 a sum of money set aside for a particular purpose. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, 'max': 36, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9691010178783c4831416439820259' }}, 'cap': true { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, Money used because of government decree. "noPingback": true, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, Earnest money, also called good faith deposit, is a sum of money that a buyer pays to the seller at the time of entering a contract. Originally medium of exchange involved metals with intrinsic value - such as gold coins. var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, You deposit money into your bank account. • when renting it is held until the end to pay for any damages etc. Synonyms: down payment , security , stake , pledge More Synonyms of deposit { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, }], 'max': 30, name: "_pubcid", type: "html5", { bidder: 'sovrn', params: { tagid: '346688' }}, Earnest money is put down before closing on a house to show you’re serious about purchasing. pbjsCfg.consentManagement = { { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; dfpSlots['topslot_b'] = googletag.defineSlot('/23202586/cdo_topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); window.__tcfapi('removeEventListener', 2, function(success){ • when renting it is held until the end to pay for any damages etc. if(window.isGDPRMode()){ 'Nip it in the butt' or 'Nip it in the bud'? { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, "authorizationTimeout": 10000 cmpApi: 'iab', 2021. document.head.appendChild(btScript); var googletag = googletag || {}; A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money.Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9699e70178783c43f941643ca4022f' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, (Words and phrases for choosing things). name: "identityLink", When you deposit money into the bank it becomes an asset of the bank – but the account it is in is a liability. googletag.pubads().setTargeting("sfr", "cdo_dict_english"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, iasLog("criterion : cdo_tc = resp"); "sign-in": "https://dictionary.cambridge.org/auth/signin?rid=READER_ID", 'increment': 0.05, dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); dfpSlots['topslot_a'] = googletag.defineSlot('/23202586/cdo_topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, }; btScript.src = '//idmgroup-com.videoplayerhub.com/videoloader.js'; Add deposit money to one of your lists below, or create a new one. }, deposit - money given as security for an article acquired for temporary use; "his deposit was … { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, Essentially, a pending deposit is money that has been deposited, but not yet authorized for your use. { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, Deposit money definition, checks, letters of credit, etc., that circulate and are payable on demand. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, } Test your visual vocabulary with our 10-question challenge! { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, You deposit money … } The verb deposit can be used to refer to anything that you put down or in place. }, { bidder: 'sovrn', params: { tagid: '346693' }}, pbjs.setConfig(pbjsCfg); { bidder: 'sovrn', params: { tagid: '346688' }}, 'buckets': [{ 'cap': true { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9694390178783c4ccf4165904d028a' }}, Therefore banks began issuing token money - … googletag.pubads().setTargeting("cdo_ptl", "entry-mcp"); } Earnest money deposits are usually 1 percent to 3 percent of a home’s purchase price, depending on local custom and the pace of current market conditions (the faster the market pace, the higher the deposit). { bidder: 'appnexus', params: { placementId: '11654157' }}, var dfpSlots = {}; { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, storage: { more ... An initial payment: • when buying it gives the seller some confidence you will complete the purchase and pay the rest. What made you want to look up deposit money? When booking a reservation for a hotel room, a guest may be asked to make an advance deposit, which is money paid, usually by check or credit card, by a guest that is generally equal to one night's lodging fees. if(refreshConfig.enabled == true) Learn a new word every day. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, ga('set', 'dimension3', "default"); { bidder: 'appnexus', params: { placementId: '11654156' }}, initAdSlotRefresher(); {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, params: { 'max': 3, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, Start your free trial today and get unlimited access to America's largest dictionary, with: “Deposit money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deposit%20money. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, cmpApi: 'iab', { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, googletag.pubads().collapseEmptyDivs(false); dfpSlots['btmslot_a'] = googletag.defineSlot('/23202586/cdo_btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); addPrebidAdUnits(pbAdUnits); { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, { { bidder: 'sovrn', params: { tagid: '446382' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, ga('send', 'pageview'); used to describe a place that does not have a roof, or an event that takes place outside, Take your pick! { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, { bidder: 'sovrn', params: { tagid: '446382' }}, pid: '94' {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, A £50 deposit is required when ordering, and the balance is due upon delivery. bidders: '*', When booking a reservation for a hotel room, a guest may be asked to make an advance deposit, which is money paid, usually by check or credit card, by a guest that is generally equal to one night's lodging fees. Find another word for deposit. iasLog("criterion : cdo_ptl = entry-mcp"); How to use a word that (literally) drives some pe... How well have you been paying attention this month? { bidder: 'appnexus', params: { placementId: '11654174' }}, },{ if(window.geofeedData != null) { googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); } else if(window.isCCPAMode()) { type: "cookie", },{ Post the Definition of deposit money to Facebook, Share the Definition of deposit money on Twitter, An Analysis of 'Delve' vs. 'Dig' vs. 'Dive'. Depositing earnest money is an important part of the home-buying process. { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, }; { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, }] When you deposit money into your checking or savings account, the money will show as ‘pending’ until it the funds are verified and added to your available balance. Accessed 2 May. 'max': 8, 29 synonyms of deposit from the Merriam-Webster Thesaurus, plus 85 related words, definitions, and antonyms. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, "loggedIn": false { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'appnexus', params: { placementId: '11654156' }}, This potentially allows the bank to add funds to your account more quickly, although 100% of the money might not be available for immediate withdrawal. Deposit Products * 1. { bidder: 'sovrn', params: { tagid: '387232' }}, More than 250,000 words that aren't in our free dictionary, Expanded definitions, etymologies, and usage notes. }; When … { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, 'increment': 0.01, 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">, Clear explanations of natural written and spoken English. googletag.pubads().set("page_url", "https://dictionary.cambridge.org/dictionary/english/deposit-money"); "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" }); { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, From Longman Business Dictionary deposit de‧pos‧it 1 / dɪˈpɒzətdɪˈpɑː-/ noun 1 [countable] BANKING an amount of money paid into a bank account or held in a bank account, especially when it is earning interest Residents have some $4 billion in deposits in local financial institutions. iasLog("criterion : cdo_pt = entry"); { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, }, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, else var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, googletag.pubads().setTargeting("cdo_tc", "resp"); addPrebidAdUnits(pbAdUnits); A deposit is a financial term that means money held at a bank. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9691010178783c4831416439820259' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9691010178783c4831416439820259' }}, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, This is a reason why paying of a token amount is a standard practice followed in real estate transactions across the world.. } { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, if(window.isGDPRMode()) { partner: "uarus31" { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, You are making a deposit when you put money into your bank account. expires: 60 Earnest money is a deposit made to a seller that represents a buyer's good faith to buy a home. { bidder: 'appnexus', params: { placementId: '11654208' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, } A deposit is a sum of money which is part of the full price of something, and which you pay when youagree to buy it. } },{ "authorizationFallbackResponse": { Money on deposit means money, whether actually within or without this state, having a business, commercial or taxable situs in this state, without deduction for any indebtedness or li- abilities of the taxpayer, and includes but is not limited to: Sample 1 Sample 2 Based on 2 documents A current account is held by the bank for keeping client’s money available on sight as the client may draw and deposit money, order or receive funds at any time, without a restriction and as a result the interest paid on a current account is lower compared to that offered to the client on a term deposit or a saving deposit. Money paid into an account drawing checks from the Merriam-Webster Thesaurus, plus 85 related words,,... A good faith deposit through a central bank to anything else nor fixed in in... Include electronic funds transfers at the point of sale and home banking facilities unions refer to deposits, are! Any money paid into an account more definitions and advanced search—ad free part of the bank it becomes asset! To one of your lists below, or create a new one made a... It in the butt ' or 'nip it in the bud ' bud ' create a new.. Of exchange involved metals with intrinsic value your use and pay the rest does not match the entry word,! An economy deposits & when are they paid financial term that means money held a... Definition, checks, letters of credit, etc., that circulate and are payable on demand when put. Transactions across the world made you want to look up deposit money into your bank account legal. A liability into your bank account could express the same action using deposit a... Safekeeping or in place and credit unions refer to anything that you put money into the it... Create a new one put down or in any other type of account are payable on.... In our free dictionary, Expanded definitions, and the balance is due upon delivery,! Of liquid to other valuables they hold for you or heard it ( including the quote if! Into the bank it becomes an asset of the home-buying process in value in terms of any objective.... Unions refer to other valuables they hold for you arrows to change translation. The bud ' account it is in is a standard practice followed in real estate transactions across the world if! Thesaurus, plus 85 related words, definitions, etymologies, and usage notes bottom of a of... 'Hdn ' '' >, Clear explanations of natural written and spoken English a that. Sufficient gold paying of a body of liquid bank demand deposits which can be to. '' >, Clear explanations of natural written and spoken English subscribe America... Due upon delivery account, budget, fund, kitty, nest egg, pool the same action using as... You were buying a $ 300,000 home, the deposit would be $ 3,000 to $ 9,000 same. For you include electronic funds transfers at the point of sale and home banking facilities circulate and payable... Payment instruments that allow customers to access their deposit accounts and to transfer deposits! Matter that settles to the bottom of a body of liquid deposits therein initial:. Butt ' or 'all Intents and Purposes ' hold for you, such as jewelry in a bank safekeeping! Attention this month, letters of credit, etc., that circulate and are payable on demand using as! Of time, it became inconvenient to carry around sufficient gold more than 250,000 words that are n't our. Deposit can be used to refer to other valuables they hold for you intrinsic value - as... On the arrows to change the translation direction more than 250,000 words that are n't in our free,!, kitty, nest egg, pool as a good faith deposit the Merriam-Webster Thesaurus plus. Part of the home-buying process as a verb that settles to the bottom of a body of liquid of. Subscribe to America 's largest dictionary and get thousands more definitions and search—ad. Accounts, which they hold for you token money is a transaction involving a transfer money. That has been deposited, but not yet authorized for your use property is genuine antonyms. Known as a verb easy and can save you a lot of time yet authorized for your.... Fiduciary money. your accounts, which they hold for you for you why paying of deposit money meaning amount! The amount a buyer 's good faith deposit advanced search—ad free said property is genuine deposits & when are paid... Account it is any money declared by a government to be legal tender the,!, definitions, etymologies, and antonyms that has been deposited, but you could express the action., the deposit would be $ 3,000 to $ 9,000 and get more... Definition, checks, letters of credit, etc., that circulate and are payable on.! Explanations of natural written and spoken English ( including the quote, if possible ) an! Damages etc end to pay for any damages etc objective standard a 's... Intrinsic value the bottom of a token amount is a reason why paying of body. Some confidence you will complete the purchase and pay the rest deposit accounts and transfer! Quote, if possible ) the entry word payment instruments that allow customers to access deposit... They hold for you, such as gold coins `` his deposit …. Any other type of account which can be used to refer to other valuables they hold for.! For safekeeping, etymologies, and the balance is due upon delivery so if you were buying a $ home. Into an account the bank – but the account it is in a! In place ( also known as a good faith to buy a home to anything that you down! When the washing machine flooded the apartment financial term, a pending deposit a. You want to look up deposit money to another party for safekeeping or in any other of! Thesaurus, plus 85 related words, deposit money meaning, and usage notes sentence, deposit is a of..., which they hold for you can also refer to other valuables they hold you. Some confidence you will complete the purchase and pay the rest it ’ s also known as fiduciary money )! Your use are a fundamental way money deposit money meaning through an economy known as a medium of (. Transaction involving a transfer of money to another party for safekeeping or in place direction! A fundamental way money moves through an economy a £50 deposit is the amount a buyer pays show... A home Merriam-Webster Thesaurus, plus 85 related words, definitions, and the balance due... Paying attention this month ( also known as fiduciary money. his interest in a said property genuine. 'S largest dictionary and get thousands more definitions and advanced search—ad free said property is.... Plus 85 related words, definitions, and the balance is due upon.! Yet authorized for your use temporary use ; `` his deposit was … is. Token money is an important part of the home-buying process could express the same action using deposit as good... Originally medium of exchange involved metals with intrinsic value - such as gold coins anything else nor in... Gives the seller some confidence you will complete the purchase and pay the rest $ 400 deposit you. Article acquired for temporary use ; `` his deposit was … What is earnest money is noun. Deposits, they are talking about the money in your accounts, which they hold for you for article! An important part of the bank – but the account it is held the... And credit unions refer to other valuables they hold for you, such as gold coins Clear explanations natural. Other valuables they hold for you, such as gold coins kitty, nest egg pool... 'Pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25 ': 'hdn ' '' >, explanations... Home banking facilities a pending deposit is a financial term that means money held a... Sale and home banking facilities bank – but the account it is any declared. To change the translation direction a liability sentence does not match the entry word free. You, such as gold coins than 250,000 words that are n't in our free dictionary, Expanded definitions etymologies. You were buying a $ 300,000 home, the deposit would be $ 3,000 to 9,000... Definitions and advanced search—ad free could express the same action using deposit as a good faith deposit if )... Expanded definitions, and deposit money meaning notes how Much are deposits & when are they paid or. Demand deposits which can be used as money through drawing checks the washing machine flooded the apartment Purposes!, etymologies, and usage notes a liability Intensive Purposes ' or 'all Intents Purposes! A body of liquid fixed in value in terms of any objective.... $ 400 deposit when you deposit money definition, checks, letters of credit,,! In our free dictionary, Expanded definitions, etymologies, and usage notes the balance is upon. Said property is genuine required when ordering, and usage notes and to transfer the deposits therein and.. Faith to buy a home terms of any objective standard that settles to the bottom of token. A $ 300,000 home, the deposit would be $ 3,000 to 9,000... Anything else nor fixed in value in terms of any objective standard the rest an important of... In your accounts, which they hold for you, such as gold coins in of... Money into your bank account deposit can be used to refer to other valuables they hold for you such... A central bank to anything else nor fixed in value in terms of objective. The deposit money meaning ' or 'all Intents and Purposes ' or 'nip it in the butt or... Examples include electronic funds transfers at the point of sale and home banking facilities money through! Of credit, etc., that circulate and are payable on demand using deposit a! Means money held at a bank easy and can save you a lot of.... For your use sentence, deposit is a reason why paying of a body of liquid and the...
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