English Lexicon

Predeposit

/ˌpriː.dɪˈpɒz.ɪt/
nounCEFR C1 (Advanced)Top #15000 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A sum of money placed in an account before a transaction or agreement is finalized.

    "The buyer was required to make a predeposit to secure the purchase of the property."
  2. 2

    An initial payment made to confirm a reservation or service.

    "To book the venue, a predeposit was necessary to hold the date."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'predeposit' is formed from the prefix 'pre-' meaning 'before' and 'deposit', which comes from the Latin 'deponere', meaning 'to put down'. The term has evolved in legal and financial contexts to refer to funds that are placed in an account prior to a transaction or agreement.

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