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1 definition found
 for On deposit
From The Collaborative International Dictionary of English v.0.48 :

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

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