noun a layer or mass of a mineral or other substance found in a rock or other geological formation
verb to put or set down a sum of money in a bank account or other fund
In real estate, a deposit is a sum of money paid by a buyer to secure a property purchase, often held in escrow until closing.
In geology, a deposit is a naturally occurring concentration of minerals or other valuable materials.
In chemistry, a deposit can refer to the process of a substance being left or laid down in a specific location or on a surface.
In banking, a deposit refers to the act of placing money into an account, typically a savings or checking account.
In the financial industry, a writer may use the term 'deposit' when writing about banking products and services, such as how to make a deposit into a savings account.
A psychologist may use the term 'deposit' when discussing the concept of emotional deposits and withdrawals in relationships, referring to actions that either strengthen or weaken the bond between individuals.
A real estate agent may use the term 'deposit' when referring to the initial payment made by a buyer to secure a property before the completion of the sale.
A bank teller uses the term 'deposit' when assisting customers with transactions, such as accepting cash or checks for deposit into their accounts.
A lawyer may use the term 'deposit' when discussing the escrow deposit in a real estate transaction, which is a sum of money held in trust until the completion of the sale.
An accountant may use the term 'deposit' when recording transactions in a company's financial statements, such as tracking deposits made by customers.
A retail manager may use the term 'deposit' when referring to the security deposit required for renting a space in a shopping mall or plaza.
A hotel receptionist may use the term 'deposit' when explaining the policy of requiring a deposit for incidentals upon check-in.
An investment banker may use the term 'deposit' when discussing the deposit required to open a margin account for trading securities.
An HR manager may use the term 'deposit' when explaining the process of setting up direct deposit for employees' paychecks.
An insurance agent may use the term 'deposit' when referring to the initial premium payment required to start an insurance policy.