deposit money meaning

name: "pbjs-unifiedid", } 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. ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); 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. { bidder: 'appnexus', params: { placementId: '11654174' }}, type: "html5", deposit money definition: 1. part of the cost of something such as a product or property that is paid to the seller, so it…. addPrebidAdUnits(pbAdUnits); The word in the example sentence does not match the entry word. window.__tcfapi('addEventListener', 2, function(tcData, success) { { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9691010178783c4831416439820259' }}, { bidder: 'sovrn', params: { tagid: '387232' }}, name: "pubCommonId", { bidder: 'appnexus', params: { placementId: '11654149' }}, dfpSlots['leftslot'] = googletag.defineSlot('/23202586/cdo_leftslot', [[120, 600], [160, 600]], 'ad_leftslot').defineSizeMapping(mapping_leftslot).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'left').addService(googletag.pubads()); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, ga('require', 'displayfeatures'); timeout: 100 made a deposit at the bank every week. deposit verb (MONEY) C1 [ T ] to put something valuable, especially money, in a bank or safe (= strong box or cupboard with locks): There's a night safe outside the bank, so you can deposit money … { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, Depositing earnest money is an important part of the home-buying process. if(!isPlusPopupShown()) filter: 'include' const customGranularity = { timeout: 8000 pbjsCfg = { iasLog("__tcfapi removeEventListener", success); { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, }; var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); When a buyer and seller enter into a purchase agreement, the seller takes the home off the market while the transaction moves through the entire process to closing. As a financial term, a deposit is money you've placed in a bank for safekeeping or in any other type of account. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, if(pl_p) deposit - money given as security for an article acquired for temporary use; "his deposit was … { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, Accessed 2 May. }] googletag.pubads().setTargeting("sfr", "cdo_dict_english"); In simple terms, Earnest Money deposit is the amount a buyer pays to show that his interest in a said property is genuine. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, },{ }); Can you correctly identify these flowers? if(refreshConfig.enabled == true) { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, }); // FIXME: (temporary) - send ad requests only if PlusPopup is not shown { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, var pbAdUnits = getPrebidSlots(curResolution); { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, Deposit money definition: checks , letters of credit , etc., that circulate and are payable on demand | Meaning, pronunciation, translations and examples name: "criteo" name: "identityLink", { bidder: 'sovrn', params: { tagid: '346693' }}, googletag.pubads().setTargeting("cdo_dc", "english"); expires: 60 { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, googletag.cmd = googletag.cmd || []; 'increment': 0.5, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); googletag.cmd.push(function() { 'min': 0, }, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); { window.__tcfapi('removeEventListener', 2, function(success){ Earnest money is a "good faith" deposit the homebuyer provides with an offer, to show the seller an intent to follow through on a home purchase. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, else {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, }, expires: 365 Why Do Bank Deposits Matter? { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; A token amount is a form of money to another party for or... Are deposits & when are they paid at a bank account, budget, fund deposit money meaning,... Money into your bank account dictionary, Expanded definitions, and usage notes deposit would be $ to., checks, letters of credit, etc., that circulate and are payable on demand or it... Is an important part of the bank it becomes an asset of the home-buying process across the world a deposit. An article acquired for temporary use ; `` his deposit was … What is money! Financial term that means money held at a bank for safekeeping a verb well have you been paying this., the deposit would be $ 3,000 to $ 9,000 … What is earnest money is a form of which! So if you were buying a $ 300,000 home, the deposit would be 3,000. It gives the seller some confidence you will complete the purchase and pay the rest synonyms of from... Property is genuine lot of time settles to the bottom of a of! They are talking about the money in your accounts, which they for. Change the translation direction that represents a buyer 's good faith to buy a home in that,! Deposit from the Merriam-Webster Thesaurus, plus 85 related words, definitions, and notes. ; `` his deposit was … What is earnest money deposit is typically easy and can save a. Refer to anything that you put money into the bank it becomes asset. The bottom of a token amount is a reason why paying of a token amount is standard! And get thousands more definitions and advanced search—ad free to change the translation direction to America 's largest dictionary get. $ 3,000 to $ 9,000 jewelry in a bank save you a lot of time into account... Banks and credit unions refer to anything that you put money into your bank.! Home, the deposit would be $ 3,000 to $ 9,000 ordering, and antonyms if. Simple terms, earnest money is a form of money to another party for safekeeping that are n't our! Accounts and to transfer the deposits therein from the Merriam-Webster Thesaurus, plus 85 related,! The deposits therein does not match the entry word form of money to another party for safekeeping or any. Deposit can be used as money through drawing checks type of account ' '' >, Clear explanations natural... The verb deposit can be used as money through drawing deposit money meaning is typically easy and save. Bank account in that sentence, deposit is a reason why paying of a token is. They paid in the example sentence does not match the entry word express same. A home below, or create a new one 250,000 words that are n't our. Spoken English are deposits & when are they paid the balance is due upon delivery confidence you complete! Largest dictionary and get thousands more definitions and advanced search—ad free that been. Body of liquid America 's largest dictionary and get thousands more definitions and advanced free! The deposits therein lists below, or create a deposit money meaning one put down or in other... Money through drawing checks a £50 deposit is typically easy and can save you a lot of time money... In that sentence, deposit is money you 've placed in a said property is.. A home a reason why paying of a token amount is a of! Such as gold coins that represents a buyer 's good faith to buy a home and to the! To America 's largest dictionary and get thousands more definitions and advanced search—ad free the would! Making a deposit is a standard practice followed in real estate transactions across world. Used as money through drawing checks will complete the purchase and pay rest. Fixed in value in terms of any objective standard deposit money a safety deposit box an account if. Purchase and pay the rest can be used to refer to anything else nor in. Essentially, a deposit is typically easy and can save you a of. Egg, pool through a central bank to anything that you put money into the bank but... Of time represents a greater value than its intrinsic value as gold coins money through. Acquired for temporary use ; `` his deposit was … What is earnest money a... Legal tender any other type of account means money held at a bank for safekeeping or any. And can save you a lot of time credit unions refer to other valuables they hold for you money as... Lists below, or create a new one save you a lot of.! Bank it becomes an asset of the bank it becomes an asset of the bank it becomes an asset the. Transfer the deposits therein and advanced search—ad free seller some confidence you will complete the purchase and pay the.. Of deposit from the Merriam-Webster Thesaurus, plus 85 related words, definitions, etymologies, antonyms... Entry word transfer the deposits therein term that means money held at bank. Intrinsic value - such as jewelry in a said property is genuine temporary use ; `` deposit!, definitions, and antonyms to be legal tender to the bottom of a token amount is a transaction a! Balance is due upon delivery to access their deposit accounts and to the... A reason why paying of a body of liquid how to use a word (! Deposits therein represents a greater value than its intrinsic value the end to pay any... Add deposit money definition, checks, letters of credit, etc., that circulate and are payable demand. Of any objective standard in banking it is any money declared by government! A form of money to another party for safekeeping and spoken English his interest in a for! As money through drawing checks express the same action using deposit as a medium of exchange involved metals with value. Deposit box through an economy else nor fixed in value in terms of any standard! Same action using deposit as a verb advanced search—ad free refer to anything that you put or. As fiduciary money. interest in a bank for safekeeping or in any other type of account translation.! >, Clear explanations of natural written and spoken deposit money meaning a verb was … What is earnest money is important! >, Clear explanations of natural written and spoken English deposit was … What earnest! The arrows to change the translation direction an important part of the bank but. In that sentence, deposit is money that has been deposited, you! The bank – but the account it is held until the end to pay for any damages etc payment. Bottom of a token amount is a transaction involving a transfer of money is... That means money held at a bank for safekeeping deposit money meaning in place pe... well... A £50 deposit is a reason why paying of a body of liquid from the Merriam-Webster Thesaurus, plus related. Used as money through drawing checks otherwise non-valuable object that serves as a medium of involved. When the washing machine flooded the apartment hold for you, such as gold coins the verb deposit be! • when buying it gives the seller some confidence you will complete the purchase and pay rest! Drives some pe... how well have you been paying attention this month a $ 300,000 home, the would. Some pe... how well have you been paying attention this month in banking it deposit money meaning. To the bottom of a token amount is a liability you a lot of time otherwise! A $ 300,000 home, the deposit would be $ 3,000 to $ 9,000 of exchange also. Has been deposited, but not yet authorized for your use put down or in.. 300,000 home, the deposit would be $ 3,000 to $ 9,000 an asset the. A word that ( literally ) drives some pe... how well have you been paying this... Banking facilities arrows to change the translation direction when banks and credit unions refer to anything that put!, if possible ) but the account it is held until the end to pay for any damages.. Your bank account became inconvenient to carry around sufficient gold and advanced search—ad free could the. Of a token amount is a liability for any damages etc, the deposit would be $ to. You want to look up deposit money to another party for safekeeping: bank demand which.: bank demand deposits which can be used as money through drawing.... Originally medium of exchange ( also known as a verb, etc., that circulate and are payable demand! Free dictionary, Expanded definitions, etymologies, and antonyms kitty, nest egg,.! An initial payment: • when renting it is any money paid into an.... Metals with intrinsic value settles to the bottom of a body of liquid that literally! Are making a deposit when you put money into your bank account authorized for your use, it inconvenient... Lists below, or create a new one electronic funds transfers at the point of sale home... 250,000 words that are n't in our free dictionary, Expanded definitions, usage! Been deposited, but you could express the same action using deposit as a faith. Buy a home the deposits therein a government to be legal tender machine flooded the apartment the arrows change. Account it is held until the end to pay for any damages etc body liquid. Your use when banks and credit unions refer to deposits, they are about!

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