Definitions (2)

1. Money given in advance to show intention to complete the purchase of a property.
2. Money transferred into a customer's account at a financial institution.

Use deposit in a sentence

You should always ask for a deposit so that you know you are covered on what you will spend on the deal.

​ Was this Helpful? YES  NO 5 people found this helpful.

The check for the settlement came in the mail today so on my lunch break I went to the bank and made a quick deposit.

​ Was this Helpful? YES  NO 12 people found this helpful.

Mavis was very excited to purchase her new house, and had a cashier check ready to give to the loan officer for the deposit on her mortgage loan.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
linked exchange rate system Canadian Deposit Insurance Corporation (CDIC)