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.

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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.

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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.

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Federal Deposit Insurance Corporation natural resource