Deposit

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deposit

1. money given in part payment or as security, as when goods are bought on hire-purchase
2. a consideration, esp money, given temporarily as security against loss of or damage to something borrowed or hired
3. Geography an accumulation of sediments, mineral ores, coal, etc.
4. Chemistry a coating produced on a surface, esp a layer of metal formed by electrolysis
5. a depository or storehouse
6. on deposit payable as the first instalment, as when buying on hire-purchase

Deposit

 

(1) A material value (usually money or securities) handed over to a public institution and returnable under prescribed conditions to the individual who deposited it or, according to his instructions, to another person.

In the USSR, deposit operations are performed by judiciary, notarial, customs, medical, and several other institutions. Branches of the Gosbank (State Bank) of the USSR open special deposit accounts for these institutions. Courts have deposit accounts in which money is deposited in pursuance of a judicial decision for transfer to the execution creditors. Money or securities are deposited in a notary’s account if returning them personally to the creditor is impossible: the office of the notary accepts them as a deposit without challenging the grounds for the deposit. The money deposited is kept through the period of limitation of actions (if deposited by fully subsidized institutions, it is kept until the end of the given calendar year) and then is transferred as income to the state budget.

(2) Money placed in banks or savings banks is also called a deposit.


Deposit

 

the amount of money given by one party of the contract to the other party, representing part of payments due under the contract and being an evidence of signing the contract and a security for its execution. According to Soviet civil law, the deposit is one of the means of guaranteeing the fulfillment of obligations under the contract between citizens or with their participation. The law provides for the following in the event of nonperformance of the contract: if the party that gave the deposit is responsible, the deposit remains with the other party; if the party that received the deposit is responsible, it is obliged to pay to the other party double the amount, that is, to return the deposit and to pay in addition an amount equal to the amount of the deposit. The injured party has the right to demand compensation for damages, the amount of the deposit being taken into account unless the contract provides otherwise. The agreement concerning the deposit must be in written form irrespective of the sum of the deposit.

deposit

[də′päz·ət]
(computer science)
To preserve the contents of a portion of a computer memory by copying it in a backing storage.
(geology)
Consolidated or unconsolidated material that has accumulated by a natural process or agent.
(materials)
Any material applied to a base by means of vacuum, electrical, chemical, screening, or vapor methods.
(science and technology)
Any solid matter which is gradually laid down on a surface by a natural process.
References in classic literature ?
In this very drawer, indeed the papers deposited by the Warden of the Dikes with his godson were lying; a proof that the police had received very exact information.
I believe we are continually taking a most erroneous view, when we tacitly admit to ourselves that sediment is being deposited over nearly the whole bed of the sea, at a rate sufficiently quick to embed and preserve fossil remains.
I may add, that the only ancient tertiary formation on the west coast of South America, which has been bulky enough to resist such degradation as it has as yet suffered, but which will hardly last to a distant geological age, was certainly deposited during a downward oscillation of level, and thus gained considerable thickness.
So again when we find a species disappearing before the uppermost layers have been deposited, it would be equally rash to suppose that it then became wholly extinct.
1] From the bones of the Scelidotherium, including even the knee-cap, being intombed in their proper relative positions, and from the osseous armour of the great armadillo-like animal being so well preserved, together with the bones of one of its legs, we may feel assured that these remains were fresh and united by their ligaments, when deposited in the gravel together with the shells.
It is evident that there must at first be some degree of association between at least two females; otherwise the eggs would remain scattered over the wide plain, at distances far too great to allow of the male collecting them into one nest: some authors have believed that the scattered eggs were deposited for the young birds to feed on.
He informed me that the number of eggs in the nest of the petise is considerably less than in that of the other kind, namely, not more than fifteen on an average, but he asserted that more than one female deposited them.
The interest he took in the matter now, induced him to open the sealed instructions which had been deposited with the Diamond.
It was to be deposited in that city with a famous diamond-cutter, and it was to be cut up into from four to six separate stones.
More words followed these, providing if my lady was dead, or if Miss Rachel was dead, at the time of the testator's decease, for the Diamond being sent to Holland, in accordance with the sealed instructions originally deposited with it.
This treasure must be at once deposited where it can be thoroughly investigated and properly understood.
Having himself deposited the important stone in a small deal box, purchased from the landlady for the purpose, he placed himself in an arm-chair, at the head of the table; and the evening was devoted to festivity and conversation.