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WordNet-Online
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Definitions from WordNet
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Definitions from the Web
Deposit Box
A deposit box refers to a secure container used for storing valuable items or documents for safekeeping. It is commonly found in financial institutions such as banks or credit unions.
Parts of Speech:
- Noun: The bank customer rented a deposit box to store their jewelry.
- Verb: Please deposit the documents in the box before leaving.
Senses and Usages:
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Financial Institutions:
In the context of financial institutions, a deposit box is a physical storage unit rented by customers to safeguard their belongings. These boxes are typically located inside highly secure vaults within the bank. They provide an added layer of protection beyond what regular safes or home storage can offer.
Example Sentence: She kept her grandfather's antique watch in a deposit box at the bank.
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Automatic Bank Machine:
In some regions, particularly in Canada, the term "deposit box" may also refer to the slot on an Automatic Bank Machine (ABM) where users insert checks, cash, or other deposit items. It serves as a convenient means of depositing money without requiring a teller.
Example Sentence: He inserted the banknotes into the deposit box of the ABM and completed his transaction.
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