on deposit

idiom

of money
: in a bank account
The company has millions of dollars on deposit with several foreign banks.

Examples of on deposit in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Savings rates While the central bank has no direct influence on deposit rates, the yields tend to be correlated to changes in the target federal funds rate. Jessica Dickler, CNBC, 29 Jan. 2025 Context: There's around $200 billion on deposit around the world backing stablecoins today, up from roughly $136 billion a year ago. Brady Dale, Axios, 14 Jan. 2025 Its stablecoin, tether (USDT), has a market cap of $119 billion, implying that same amount in cash and cash-like instruments on deposit with the firm. Brady Dale, Axios, 27 Sep. 2024 Greg McBride, chief financial analyst at Bankrate.com, sees payouts on deposit accounts falling gradually over the course of the year. The Arizona Republic, 7 Jan. 2024 See all Example Sentences for on deposit 

Dictionary Entries Near on deposit

Cite this Entry

“On deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/on%20deposit. Accessed 22 Feb. 2025.

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