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Deposit - Dictionary Definition and Overview |
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Deposit : (noun)
1: the phenomenon of sediment or gravel accumulating [syn: sedimentation,
alluviation]
2: matter deposited by some natural process [syn: sediment]
3: the natural process of laying down a deposit of something
[syn: deposition]
4: money deposited in a bank [syn: bank deposit]
5: a partial payment made at the time of purchase; the balance
to be paid later [syn: down payment]
6: money given as security for an article acquired for
temporary use; "his deposit was refunded when he returned
the car"
7: a payment given as a guarantee that an obligation will be
met
8: a facility where things can be deposited for storage or
safekeeping [syn: depository, repository]
9: the act of putting something somewhere [syn: deposition]
(verb)
1: fix, force, or implant; "lodge a bullet in the table" [syn:
lodge, wedge, stick] [ant: dislodge]
2: put into a bank account; "She deposites her paycheck every
month" [syn: bank] [ant: withdraw]
3: put (something somewhere) firmly; "She posited her hand on
his shoulder"; "deposit the suitcase on the bench"; "fix
your eyes on this spot" [syn: situate, fix, posit]
Based on WordNet 2.0
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Deposit : \De*pos"it\, v. t. [imp. & p. p. Deposited; p. pr. &
vb. n. Depositing.] [L. depositus, p. p. of deponere. See
Depone, and cf. Deposit, n.]
1. To lay down; to place; to put; to let fall or throw down
(as sediment); as, a crocodile deposits her eggs in the
sand; the waters deposited a rich alluvium.
The fear is deposited in conscience. --Jer. Taylor.
2. To lay up or away for safe keeping; to put up; to store;
as, to deposit goods in a warehouse.
3. To lodge in some one's hands for safe keeping; to commit
to the custody of another; to intrust; esp., to place in a
bank, as a sum of money subject to order.
4. To lay aside; to rid one's self of. [Obs.]
If what is written prove useful to you, to the
depositing that which I can not but deem an error.
--Hammond.
Note: Both this verb and the noun following were formerly
written deposite.
Based on Webster's Revised Unabridged Dictionary
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Deposit : \De*pos"it\, n. [L. depositum, fr. depositus, p. p. of
deponere: cf. F. d['e]p[^o]t, OF. depost. See Deposit, v.
t., and cf. Depot.]
1. That which is deposited, or laid or thrown down; as, a
deposit in a flue; especially, matter precipitated from a
solution (as the siliceous deposits of hot springs), or
that which is mechanically deposited (as the mud, gravel,
etc., deposits of a river).
The deposit already formed affording to the
succeeding portion of the charged fluid a basis.
--Kirwan.
2. (Mining) A natural occurrence of a useful mineral under
the conditions to invite exploitation. --Raymond.
3. That which is placed anywhere, or in any one's hands, for
safe keeping; something intrusted to the care of another;
esp., money lodged with a bank or banker, subject to
order; anything given as pledge or security.
4. (Law)
(a) A bailment of money or goods to be kept gratuitously
for the bailor.
(b) Money lodged with a party as earnest or security for
the performance of a duty assumed by the person
depositing.
5. A place of deposit; a depository. [R.]
Bank of deposit. See under Bank.
In deposit, or On deposit, in trust or safe keeping as a
deposit; as, coins were received on deposit.
Based on Webster's Revised Unabridged Dictionary
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DEPOSIT, contracts. Usually defined to be a naked bailment of goods to be
kept for the bailor, without reward, and to be returned when he shall
require it. Jones' Bailm. 36, 117; 1 Bell's Com. 257. See also Dane's Abr.
ch. 17, aft. 1, Sec. 3; Story on Bailm. c. 2, Sec. 41. Pothier defines it to
be a contract, by which one of the contracting parties gives a thing to
another to keep, who is to do so gratuitously, and obliges himself to return
it when he shall be requested. Traite du Depot. See Code Civ. tit. 11, c. 1,
art. 1915; Louisiana Code, tit. 13, c. 1, art. 2897.
2. Deposits, in the civil law, are divisible into two kinds; necessary
and voluntary. A necessaryDeposit : is such as arises from pressing
necessity; as, for instance, in case of a fire, a shipwreck, or other
overwhelming calamity; and thence it is called miserabile depositum. Louis.
Code 2935. A voluntary deposit is such as arises without any such calamity,
from the mere consent or agreement of the parties. Dig. lib. 16, tit. 3,
Sec. 2.
3. This distinction was material in the civil law, in respect to the
remedy, for involuntary deposits, the action was only in simplum; in the
other in duplum, or two-fold, whenever the depositary was guilty of any
default. The common law has made no such distinction, and, therefore, in a
necessary deposit, the remedy is limited to damages co-extensive with the
wrong. Jones, Bailm. 48.
4. Deposits are again divided by the civil law into simple deposits,
and sequestrations; the former is when there is but one party depositor (of
whatever number composed), having a common interest; the latter is where
there are two or more depositors, having each a different and adverse
interest. See Sequestration.
5. These distinctions give rise to very different considerations in
point of responsibility and rights. Hitherto they do not seem to have been
incorporated in the common law; though if cases should arise, the principles
applicable to them would scarcely fail of receiving general approbation, at
least, so far as they affect the rights and responsibilities of the parties.
Cases of judicial sequestration and deposits, especially in courts of
chancery and admiralty, may hereafter require the subject to be fully
investigated. At present, there have been few cases in which it has been
necessary to consider upon whom the loss should fall when the property has
perished in the custody of the law. Story on Bailm. Sec. 41-46.
6. There is another class of deposits noticed by Pothier, and called by
him irregular deposits. This arises when a party having a sum of money which
he doe's not think safe in his own hands; confides it to another, who is to
return him, not the same money, but a like sum when he shall demand it.
Poth. Traite du Depot, ch. 3, Sec. 3. The usual deposit made by a person
dealing with a bank is of this nature. The depositor, in such case, becomes
merely a creditor of the depositary for the money or other thing which he
binds himself to return.
7. This species of deposit is also called an improper deposit, to
distinguish it from one that is regular and proper, and which latter is
sometimes called a special deposit. 1 Bell's Com. 257-8. See 4 Blackf. R.
395.
8. There is a kind of deposit which may, for distinction's sake, be
called a quasi deposit, which is governed, by the same general rule as
common deposits. It is when a party comes lawfully to the possession of
another person's property by finding. Under such circumstances, the finder
seems bound to the same reasonable care of it as any voluntary depositary ex
contractu. Doct. & Stu. Dial. 2, ch. 38; Story on Bailm. Sec. 85; and see
Bac. Abr. Bailm. D. See further, on the subject of deposits, Louis. Code,
tit. 13; Bac. Abr. Bailment; Digest, depositi vel contra; Code, lib. 4, tit.
34; Inst. lib. 3, tit. 15, Sec. 3; Nov. 73 and 78; Domat, liv. 1, tit. 7, et
tom. 2, liv. 3, tit. 1, s. 5, n. 26; 1 Bouv. Inst. n. 1053, et seq.
Based on Bouvier's Law Dictionary, Revised 6th Ed (1856) [Bouvier_Law_Dictionary]:
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Deposit, NY (village, FIPS 20346)
Location: 42.06397 N, 75.42188 W
Population (1990): 1936 (834 housing units)
Area: 3.3 sq km (land), 0.2 sq km (water)
Zip code(s): 13754
Based on Bouvier's Law Dictionary, Revised 6th Ed (1856) [Bouvier_Law_Dictionary]:
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Example Usage of Deposit |
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entrep_thinking: @ArayaFunshine You get stood up a lot by clients... Maybe get a Deposit? LOL Anyway go outside & walk along the river! |
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jobs4banking: Deposit Operations Manager: SUMMARY: Assists in all phases of Deposit Operations including monitori.. http://bit.ly/7uehDe #bank #jobs |
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marcmance: i checked my bank account, and i forgot i got paid yesterday. direct Deposit for the winnnn. |
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