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Meaning of Depsit


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  • Sediment or rock that is not native to its present location or is different from the surrounding material. Sometimes refers to ore or gems.
  • asset that was left to the care of the other
  • Settlement of one material onto another.
  • Entrusting one's assets to the care of another. Sometimes done as collateral.
- The Nuttall Encyclopedia



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.

&fist; Both this verb and the noun following were formerly written deposite.

De*pos"it, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. dépôt, 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.

- Webster's Unabridged Dictionary (1913)



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