Deposit meaning in English

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Definition

to deposit (money): to put in, to credit, to drop off, to put (money) into a bank account verb
a deposit: a down payment, an installment, a cash guarantee noun

Examples

  • "We also offer a free beer fridge as a welcome gift when you deposit over $4000 in your account."
  • "Bank Clerk : Okay, that shouldn't be a problem. You'll need a deposit slip and the cash or checks that you are depositing."
  • "Jean : But I am not making the deposit myself."
  • "Claire : Yes really, but before I leave I'll need your credit card number and social security information, as well as small 500 dollar deposit."
  • "Five years ago, a sheik of the Royal House of Bahreindeer deposited a huge sum of American currency in my bank."
Exercise 1
Complete the following sentences using financial terms from the guide you have just read.

The first word means the level of interest on an account: "United Bank offers the best interest ."

This word means to put money into a bank account: "I would like to $600 in my account."

This word means to "gain" or to "obtain" something: "United customers more interest than those who choose other banks."

Complete the following sentences using financial terms from the guide you have just read.

The first word means the level of interest on an account: "United Bank offers the best interest rate 1."

This word means to put money into a bank account: "I would like to deposit 2 $600 in my account."

This word means to "gain" or to "obtain" something: "United customers earn 3 more interest than those who choose other banks."
1 rate: "Interest rate" is the best answer here. Interest rates are usually expressed as a percentage, and represent the amount of money one receives or "earns" on the funds they have in an account. Example: "The interest rate on our Bonus Account is 5.9%".
2 deposit: "Deposit" is the right answer here. To "deposit money into an account" is to give money (either cash or a cheque) to the bank, so that they can increase the amount of money in your account. Example: "My grandmother always deposits £10 into my account on my birthday". Note that there is a related noun: "a deposit". Example: "The minimum deposit is only $1".
3 earn: "Earn" is the term we are looking for here. To "earn money" is to "acquire" or "receive" money. You can "earn money with a savings account", and you can "earn $4000 per month" if you have a good job. Another example: "I'm a waiter, and I don't earn much money".
Exercise 2
Complete the following sentences using financial terms from the guide you have just read.

The first word means the level of interest on an account: "United Bank offers the best interest ."

This word means to put money into a bank account: "I would like to $600 in my account."

This word means to "gain" or to "obtain" something: "United customers more interest than those who choose other banks."

Complete the following sentences using financial terms from the guide you have just read.

The first word means the level of interest on an account: "United Bank offers the best interest rate 1."

This word means to put money into a bank account: "I would like to deposit 2 $600 in my account."

This word means to "gain" or to "obtain" something: "United customers earn 3 more interest than those who choose other banks."
1 rate: "Interest rate" is the best answer here. Interest rates are usually expressed as a percentage, and represent the amount of money one receives or "earns" on the funds they have in an account. Example: "The interest rate on our Bonus Account is 5.9%".
2 deposit: "Deposit" is the right answer here. To "deposit money into an account" is to give money (either cash or a cheque) to the bank, so that they can increase the amount of money in your account. Example: "My grandmother always deposits £10 into my account on my birthday". Note that there is a related noun: "a deposit". Example: "The minimum deposit is only $1".
3 earn: "Earn" is the term we are looking for here. To "earn money" is to "acquire" or "receive" money. You can "earn money with a savings account", and you can "earn $4000 per month" if you have a good job. Another example: "I'm a waiter, and I don't earn much money".

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