Deposit \De*pos"it\, v. t. [imp. & p. p. Deposited; p. pr. & vb. n. Depositing.]

[L. depositus, p. p. of deponere. See Depone, and cf. Deposit, n.]

1. To lay down; to place; to put; to let fall or throw down (as sediment); as, a crocodile deposits her eggs in the sand; the waters deposited a rich alluvium.

The fear is deposited in conscience. --Jer. Taylor.

2. To lay up or away for safe keeping; to put up; to store; as, to deposit goods in a warehouse.

3. To lodge in some one's hands for safe keeping; to commit to the custody of another; to intrust; esp., to place in a bank, as a sum of money subject to order.

4. To lay aside; to rid one's self of. [Obs.]

If what is written prove useful to you, to the depositing that which I can not but deem an error. --Hammond.

Note: Both this verb and the noun following were formerly written deposite.

Source: Webster's Revised Unabridged Dictionary (1913)
 

Deposit \De*pos"it\, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. d['e]p[^o]t, OF. depost. See Deposit, v. t., and cf. Depot.]

1. That which is deposited, or laid or thrown down; as, a deposit in a flue; especially, matter precipitated from a solution (as the siliceous deposits of hot springs), or that which is mechanically deposited (as the mud, gravel, etc., deposits of a river).

The deposit already formed affording to the succeeding portion of the charged fluid a basis. --Kirwan.

2. (Mining) A natural occurrence of a useful mineral under the conditions to invite exploitation. --Raymond.

3. That which is placed anywhere, or in any one's hands, for safe keeping; something intrusted to the care of another; esp., money lodged with a bank or banker, subject to order; anything given as pledge or security.

4. (Law)
   (a) A bailment of money or goods to be kept gratuitously for the bailor.
   (b) Money lodged with a party as earnest or security for the performance of a duty assumed by the person depositing.

5. A place of deposit; a depository. [R.]

Bank of deposit. See under Bank.

In deposit, or On deposit, in trust or safe keeping as a deposit; as, coins were received on deposit.

Source: Webster's Revised Unabridged Dictionary (1913)