Definition

A person who puts money into a bank account or other financial institution.

Example

The depositor received interest on the money they saved in the bank.

Conversation

I just learned that a depositor can earn interest on their savings.

That's true! It’s a great way to grow your money over time.

Do you think being a depositor is worth it these days?

Absolutely! It’s a safe way to save while earning a little extra.

Synonyms & Antonyms

Root Explanation

Depositor → It is formed from "de-" (meaning down or away) and "ponere" (meaning to place). The word refers to someone who places or puts down something, typically money, in a bank or financial institution.

Memory Tip

Think of someone 'placing down' ('ponere') their money 'away' ('de-') in a safe place, like a bank.

Visually Confused Words