deposits (B1)
noun
Pronunciation: /dɪˈpɒzɪts/
Definition
Sums of money placed into a bank account or held by a bank.
Examples
The bank statement showed several recent deposits from her freelance work.
He made a deposit of $500 into his savings account.
Regular deposits are essential for building up your emergency fund.
How to Use deposits
- make a deposit (collocation)
- To put money into a bank account. — "I need to make a deposit before the bank closes."
- security deposit (collocation)
- Money paid upfront as security for a rented item or property. — "The landlord asked for a one-month security deposit."
- mineral deposits (collocation)
- Naturally occurring accumulations of minerals. — "The region is known for its rich mineral deposits."
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