deposit
    n 1: the phenomenon of sediment or gravel accumulating [syn:
         deposit, sedimentation, alluviation]
    2: matter that has been deposited by some natural process [syn:
       sediment, deposit]
    3: the natural process of laying down a deposit of something
       [syn: deposition, deposit]
    4: money deposited in a bank or some similar institution [syn:
       deposit, bank deposit]
    5: a partial payment made at the time of purchase; the balance
       to be paid later [syn: down payment, deposit]
    6: money given as security for an article acquired for temporary
       use; "his deposit was refunded when he returned the car"
    7: a payment given as a guarantee that an obligation will be met
    8: a facility where things can be deposited for storage or
       safekeeping [syn: depository, deposit, depositary,
       repository]
    9: the act of putting something somewhere [syn: deposit,
       deposition]
    v 1: put, fix, force, or implant; "lodge a bullet in the table";
         "stick your thumb in the crack" [syn: lodge, wedge,
         stick, deposit] [ant: dislodge, free]
    2: put into a bank account; "She deposits her paycheck every
       month" [syn: deposit, bank] [ant: draw, draw off,
       take out, withdraw]
    3: put (something somewhere) firmly; "She posited her hand on
       his shoulder"; "deposit the suitcase on the bench"; "fix your
       eyes on this spot" [syn: situate, fix, posit,
       deposit]

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.
      [1913 Webster]

            The fear is deposited in conscience.  --Jer. Taylor.
      [1913 Webster]

   2. To lay up or away for safe keeping; to put up; to store;
      as, to deposit goods in a warehouse.
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   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.
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   4. To lay aside; to rid one's self of. [Obs.]
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            If what is written prove useful to you, to the
            depositing that which I can not but deem an error.
                                                  --Hammond.
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   Note: Both this verb and the noun following were formerly
         written deposite.
         [1913 Webster]

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).
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            The deposit already formed affording to the
            succeeding portion of the charged fluid a basis.
                                                  --Kirwan.
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   2. (Mining) A natural occurrence of a useful mineral under
      the conditions to invite exploitation. --Raymond.
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   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.
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   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.
          [1913 Webster]

   5. A place of deposit; a depository. [R.]
      [1913 Webster]

   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.
      [1913 Webster]

DEPOSIT, contracts. Usually defined to be a naked bailment of goods to be 
kept for the bailor, without reward, and to be returned when he shall 
require it. Jones' Bailm. 36, 117; 1 Bell's Com. 257. See also Dane's Abr. 
ch. 17, aft. 1, Sec. 3; Story on Bailm. c. 2, Sec. 41. Pothier defines it to 
be a contract, by which one of the contracting parties gives a thing to 
another to keep, who is to do so gratuitously, and obliges himself to return 
it when he shall be requested. Traite du Depot. See Code Civ. tit. 11, c. 1, 
art. 1915; Louisiana Code, tit. 13, c. 1, art. 2897. 
     2. Deposits, in the civil law, are divisible into two kinds; necessary 
and voluntary. A necessary deposit is such as arises from pressing 
necessity; as, for instance, in case of a fire, a shipwreck, or other 
overwhelming calamity; and thence it is called miserabile depositum. Louis. 
Code 2935. A voluntary deposit is such as arises without any such calamity, 
from the mere consent or agreement of the parties. Dig. lib. 16, tit. 3, 
Sec. 2. 
     3. This distinction was material in the civil law, in respect to the 
remedy, for involuntary deposits, the action was only in simplum; in the 
other in duplum, or two-fold, whenever the depositary was guilty of any 
default. The common law has made no such distinction, and, therefore, in a 
necessary deposit, the remedy is limited to damages co-extensive with the 
wrong. Jones, Bailm. 48. 
     4. Deposits are again divided by the civil law into simple deposits, 
and sequestrations; the former is when there is but one party depositor (of 
whatever number composed), having a common interest; the latter is where 
there are two or more depositors, having each a different and adverse 
interest. See Sequestration. 
     5. These distinctions give rise to very different considerations in 
point of responsibility and rights. Hitherto they do not seem to have been 
incorporated in the common law; though if cases should arise, the principles 
applicable to them would scarcely fail of receiving general approbation, at 
least, so far as they affect the rights and responsibilities of the parties. 
Cases of judicial sequestration and deposits, especially in courts of 
chancery and admiralty, may hereafter require the subject to be fully 
investigated. At present, there have been few cases in which it has been 
necessary to consider upon whom the loss should fall when the property has 
perished in the custody of the law. Story on Bailm. Sec. 41-46. 
     6. There is another class of deposits noticed by Pothier, and called by 
him irregular deposits. This arises when a party having a sum of money which 
he doe's not think safe in his own hands; confides it to another, who is to 
return him, not the same money, but a like sum when he shall demand it. 
Poth. Traite du Depot, ch. 3, Sec. 3. The usual deposit made by a person 
dealing with a bank is of this nature. The depositor, in such case, becomes 
merely a creditor of the depositary for the money or other thing which he 
binds himself to return. 
     7. This species of deposit is also called an improper deposit, to 
distinguish it from one that is regular and proper, and which latter is 
sometimes called a special deposit. 1 Bell's Com. 257-8. See 4 Blackf. R. 
395. 
     8. There is a kind of deposit which may, for distinction's sake, be 
called a quasi deposit, which is governed, by the same general rule as 
common deposits. It is when a party comes lawfully to the possession of 
another person's property by finding. Under such circumstances, the finder 
seems bound to the same reasonable care of it as any voluntary depositary ex 
contractu. Doct. & Stu. Dial. 2, ch. 38; Story on Bailm. Sec. 85; and see 
Bac. Abr. Bailm. D. See further, on the subject of deposits, Louis. Code, 
tit. 13; Bac. Abr. Bailment; Digest, depositi vel contra; Code, lib. 4, tit. 
34; Inst. lib. 3, tit. 15, Sec. 3; Nov. 73 and 78; Domat, liv. 1, tit. 7, et 
tom. 2, liv. 3, tit. 1, s. 5, n. 26; 1 Bouv. Inst. n. 1053, et seq. 

Deposit, NY -- U.S. village in New York
   Population (2000):    1699
   Housing Units (2000): 823
   Land area (2000):     1.257708 sq. miles (3.257448 sq. km)
   Water area (2000):    0.059620 sq. miles (0.154416 sq. km)
   Total area (2000):    1.317328 sq. miles (3.411864 sq. km)
   FIPS code:            20346
   Located within:       New York (NY), FIPS 36
   Location:             42.061856 N, 75.423358 W
   ZIP Codes (1990):     13754
   Note: some ZIP codes may be omitted esp. for suburbs.
   Headwords:
    Deposit, NY
    Deposit