Pronunciation: /dɪˈpɑː.zɪt/ Meaning I: an amount of money that you pay when you rent something and is returned to you when you return the thing you have rented Example: The deposit for that apartment was quite high so we rented another apartment. Meaning II (verb): to pay someone an amount of money when you make an agreement with that person to pay for or buy something, that either will be returned to you later, if the agreed arrangement is kept, or that forms part of the total payment: Example: When we moved in, we had to deposit $1,000 with the landlord in case we broke any of his things.