Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder. Demand deposit, the funds held in demand deposit accounts in commercial banks.
The money is still owned by the person or entity that deposited the money, and it can be withdrawn at any time, transferred to another person's account, or used to purchase goods. Often, a person must deposit a certain amount of money in order to open a new bank account, which is known as a minimum deposit.
Deposit definition, to place for safekeeping or in trust, especially in a bank account: He deposited his paycheck every Friday. See more.
a mineral deposit: a deposit of seaweed on the shore. (finance) A sum of money or other asset given as an initial payment, to show good faith, or to reserve ...
Define deposit: to put (money) in a bank account — deposit in a sentence.
deposit meaning, definition, what is deposit: to leave something somewhere: . Learn more.