20 February 2024
Deposit Definition & Meaning (Word History, Phrases Containing, Synonyms, Antonyms, Types, Example Sentences). What is a Deposit in English, Hindi, Urdu? fendiharis.com – ( Date. July 20, 2023 13:38:01 )
Definition
Definition of Deposit: In general terms, a deposit refers to the act of placing or putting something, typically money or valuable items, into a secure place or account for safekeeping, future use, or as a guarantee for a transaction. It can also signify the sum of money or item placed in such a location or account.
Word History
Word History of Deposit: The word “deposit” originated from the Latin word “deponere,” which consists of “de-” (down) and “ponere” (to put). This Latin term later evolved into “depositum” in Late Latin and then passed into Old French as “deposé,” and ultimately became “deposit” in English.
Meaning in English
Deposit Meaning in English: In English, “deposit” is a noun that refers to the act of putting money or valuable items into a bank account or other secure location, or it can be the sum of money placed there. It can also be used as a verb to describe the action of putting money or something valuable in a secure place.
Meaning in Hindi
Deposit Meaning in Hindi: In Hindi, “जमा” (jama) is the term used for “deposit.” It is both the noun form representing the act or sum of depositing and the verb form representing the action of depositing.
Meaning in Urdu
Deposit Meaning in Urdu: In Urdu, “جمع کرانا” (jama karaana) is the term used for “deposit,” and “جمع” (jama) is used as a noun representing the sum of money or valuable items placed in a secure location.
Interpretations
Interpretations of Deposit: Interpretations of “deposit” may vary depending on the context:
- Banking: In the banking context, a deposit refers to money or funds placed into a bank account.
- Security: In security or real estate, a deposit can be an upfront amount of money paid to ensure commitment to a transaction or as collateral.
- Geology: In geology, a deposit is a layer of mineral, rock, or sediment accumulated over time.
- Chemistry: In chemistry, a deposit can refer to the buildup of solid matter formed during a chemical reaction.
Deposit Types
Types of Deposit: Various types of deposits include:
- Savings Deposit: Money kept in a savings account, usually earning interest.
- Checking Deposit: Money deposited into a checking account, which can be withdrawn using checks or debit cards.
- Fixed Deposit (Term Deposit): A sum of money deposited for a fixed period, usually with higher interest rates and withdrawal restrictions.
- Certificate of Deposit (CD): A time deposit with a fixed term and interest rate, which typically cannot be withdrawn before maturity without incurring penalties.
- Security Deposit: An amount paid upfront to ensure compliance or to cover any damages in a rental agreement or contract.
Phrases
Phrases of Deposit:
- Bank deposit.
- Deposit slip.
- Direct deposit.
- Cash deposit.
- Deposit account.
- Deposit insurance.
- Deposit box.
- Deposit guarantee.
- Deposit multiplier.
- Deposit refund.
Example Sentences
Example Sentences of Deposit:
- She made a deposit of $500 into her savings account.
- The tenant paid a security deposit before moving in.
- The company offers a high-interest rate on fixed deposits.
- He filled out a deposit slip to put the cash into his checking account.
- The geologist discovered a significant mineral deposit in the area.
- The hotel requires a credit card for a deposit when booking a room.
- She deposited her valuable jewelry in a safe deposit box at the bank.
- The landlord returned the deposit to the tenant after inspecting the property.
- The bank provides deposit insurance to protect customers’ savings.
- He opted for direct deposit of his salary into his bank account.
Similar Words (Synonyms)
Similar words of Deposit:
- Place.
- Store.
- Invest.
- Stash.
- Park.
- Transfer.
- Put.
- Keep.
- Settle.
- Save.
Opposite Words (Antonyms)
Opposite words of Deposit:
- Withdraw.
- Take out.
- Remove.
- Extract.
- Disburse.
- Spending.
- Dissipate.
- Expend.
- Spend.
- Disperse.
Summary
What is Deposit? In summary, a deposit is the act of placing money, valuable items, or other materials in a secure location, often a bank account, for safekeeping, future use, or as collateral for a transaction. It can also refer to the sum of money or items placed in that location. Deposits play a crucial role in banking, real estate, and various other fields.
