Difference between Deposit and Bank

What is the difference between Deposit and Bank?

Deposit as a verb is to leave or adhere one material or item onto another. while Bank as a verb is to deal with a bank or financial institution.

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 other Money 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: The summer before I started college, my parents walked everywhere instead of taking the bus. Once a week, they would hand over $10 to the university housing office, a deposit so I could move into the dorms in the fall.

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 institutionAn 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 lakeA slope of earth etc.; an embankmentAn 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 embankmentThe incline of an aircraft, especially during a turn.an incline, a hillA 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: Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.

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

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