deposited

Intermediate 💰 Finance / Accounting

Definition

To place valuables, documents, or funds into safekeeping with another party, often as collateral or for storage—the formal way of saying 'I'm leaving this with you and I expect it back.'

Example Usage

The defendant deposited $50,000 with the court to secure bail.

Source: Black's Law Dictionary

Related Terms

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See “deposited” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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