Deposit

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1.

A sum of money paid by a buyer as part of the sale price of something in order to reserve it.

The deposit may or may not be returned if the sale is not completed.


2.

A refundable amount paid as security, for example by a tenant in relation to a lease.


3.

A sum of money lent to or placed with a financial organisation, such as a bank, for a set period or an indeterminate period for safekeeping or to earn interest or as a security to cover potential trading losses.


See also