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Definition of deposit - a sum of money paid into a bank or building society account, a sum payable as a first instalment on the purchase of something or a
A deposit is a financial term that has multiple definitions.On the one hand, a deposit is a transaction involving a transfer of funds to another party for safekeeping.
deposit [de-poz´it] 1. sediment or dregs. 2. extraneous inorganic matter collected in the tissues or in an organ of the body. de·pos·it (dĕ-poz'it), 1. A sediment or.
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deposit. Money paid to ensure performance under a written or oral contract.Many states require that lease and other such deposits be maintained in escrow accounts and earn interest which must be paid to the party when the deposit is refunded.All real estate brokers must place earnest money deposits in escrow accounts.
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