noun / verb · neutral
deposit
UK/dɪˈpɒzɪt/US/dɪˈpɑːzɪt/de·POS·it
a sum of money paid as the first part of a larger payment or kept as security; to put money into a bank account or leave as a guarantee
Examples
“We paid a £100 deposit to reserve the room.”
“I deposit money into my savings account every month.”
“The landlord kept the deposit because the apartment was damaged.”
Band 8 sentence
“We put down a refundable deposit when renting the apartment to cover any potential damages.”
Collocations
- pay a deposit
- refund the deposit
- security deposit
Word family
Common mistakes
I pay deposit last week.→I paid a deposit last week.
I deposit $100 to bank.→I deposited $100 in the bank.
Say it for a higher band
5leave→6hold→7+deposit
Synonyms
down payment
Easily confused
down payment
“They made a down payment on the new car.”
refund
“The company issued a refund for the faulty item.”
Related words
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In Shopping & Money
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