depositor

Everyday

1. A person who puts money into a bank account. tree →
2. Someone who puts something down or leaves something somewhere for safe keeping. tree →

In the lessons

In money lessons, a depositor puts money in the bank; the bank keeps it safe and may pay interest. In news, when a bank is in trouble, «depositors» may rush to take their money out. Phrases: «bank depositors», «protect depositors».

Examples

• Every depositor gets a statement each month. tree →
• As a depositor, Sam earns a little interest on his savings. tree →
• The bank promised that depositors' money was safe. tree →
• When rumours spread, worried depositors queued outside the bank. tree →
• Young depositors can open a children's savings account. tree →
• The law protects depositors if a bank fails. tree →

Note

Countable noun from «deposit» + «-or». Note the spelling ends in «-or», not «-er». In money problems: deposits add to the balance, withdrawals subtract.