Deposits
/dɪˈpɒzɪts/
Definitions
- (n.) Sums of money placed in a bank or other financial institution for safekeeping and to earn interest.
The client made several deposits into her savings account last month.
- (n.) Items or materials left or placed in a specified location, often as security or evidence, such as archaeological or mineral deposits.
The mining company explored the mineral deposits on the property.
- (n.) Security deposits given to ensure performance or compliance under a contract, typically in leasing or rental agreements.
The tenant paid a refundable deposit before moving into the apartment.
Forms
- deposit
Related terms
See also
Commentary
Plural form of deposit; in legal contexts, 'deposits' commonly refer to multiple instances of sums of money held or secured, or to several physical items placed as security or evidence.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.