Difference between Bank and Deposit

What is the difference between Bank and Deposit?

Bank as a noun is an institution where one can place and borrow money and take care of financial affairs. while Deposit as a noun is sediment or rock that is not native to its present location or is different from the surrounding material. sometimes refers to ore or gems.

Bank

Part of speech: noun

Definition: An institution where one can place and borrow money and take care of financial affairs. A branch office of such an institution An underwriter or controller of a card game, also banque. A safe and guaranteed place of storage for and retrieval of important items or goods. An edge of a river or lake A slope of earth etc.; an embankment An edge of river or other watercourse. An elevation, or rising ground, under the sea; a shallow area of shifting sand, gravel, mud, and so forth (for example, a sandbank or mudbank). An embankment The incline of an aircraft, especially during a turn. an incline, a hill A row or panel of items stored or grouped together. A row of keys on a musical keyboard or the equivalent on a typewriter keyboard.

Part of speech: verb

Definition: To deal with a bank or financial institution. To put into a bank. To roll or incline laterally in order to turn. To cause (an aircraft) to bank. To form into a bank or heap, to bank up. To cover the embers of a fire with ashes in order to retain heat. To arrange or order in a row.

Example sentence: If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

Deposit

Part of speech: verb

Definition: To leave or adhere one material or item onto another.To entrust one's assets to the care of another. Sometimes done as collateral.To put money or funds into an account.

Part of speech: noun

Definition: 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 otherMoney placed in an account.Anything left behind on a surface.A sum of money or other asset given as an initial payment, to show good faith, or to reserve something for purchase.

Example sentence: If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.

We hope you now know whether to use Bank or Deposit in your sentence.

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