What is another word for on deposit?

Pronunciation: [ˌɒn dɪpˈɒsɪt] (IPA)

The phrase "on deposit" typically refers to a sum of money that has been placed into a bank account or held in trust by a financial institution. There are several synonyms that can be used in place of this phrase, including "in custody," "placed in reserve," "held in escrow," or "deposited in trust." Other commonly used phrases that convey a similar meaning include "in a secure account," "secured funds," or "held in safekeeping." Regardless of the phrasing used, the idea is that the money is being held or saved for a future purpose or investment, rather than being immediately spent or withdrawn.

What are the hypernyms for On deposit?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with On deposit

  • The term money has two very different meanings in popular discourse. We often speak of someone "making money," when we really mean that he or she is receiving an income. We do not mean that he or she has a printing press in the basement churning out greenbacked pieces of paper. In this use, money is a synonym for income or receipts; it refers to a flow, to income or receipts per week or per year. We also speak of someone's having money in his or her pocket or in a safe-deposit box or on deposit at a bank. In that use, money refers to an asset, a component of one's total wealth. Put differently, the first use refers to an item on a profit-and-loss statement, the second to an item on a balance sheet
    Milton Friedman

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