In legal English, a deposit is either (1) money placed in a bank account or (2) something given as security or part payment for a cost or debt.
“The purchaser was required to pay a deposit of 10% of the price of the property.”
The term deposit is also used as a verb.
“She deposited all of her salary into her bank account.”
The legal term deposition is the testimony of a witness, under oath that is written down or recorded for use in court at a later date.
“In many countries depositions are given in courtrooms, but in the United States they are usually taken elsewhere.”
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