Definition of on deposit in English:

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on deposit

(Of money) placed in a deposit account: half of the money is placed on deposit
More example sentences
  • I think of savers as people who want both their capital and their income to be safe and secure and, usually, their money ends up on deposit in a bank or building society.
  • Question 7: How much emergency money do you have on deposit?
  • As a firm believer in the stock market as the best way to generate wealth, I don't keep a lot of money on deposit, except some tax-free savings.
See parent entry: deposit
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