How Do You Spell DEPOSIT BOOK?

Pronunciation: [dɪpˈɒsɪt bˈʊk] (IPA)

The spelling of the word "deposit book" can be broken down into the following IPA phonetic transcription: /dɪˈpɑzɪt bʊk/. This means that the first syllable is pronounced as "dih", the second syllable as "paw", the third syllable as "zit", and the fourth syllable as "buhk". The word refers to a book used to record deposits made into a bank account. It is important to spell the word correctly in order to avoid confusion or errors when managing personal finances.

DEPOSIT BOOK Meaning and Definition

1. A deposit book, also referred to as a bank deposit book or savings deposit book, is a physical document issued by a financial institution to record and track the transactions made by a customer in their savings or deposit account. The deposit book is usually a small booklet, typically made of paper, that contains spaces or columns to record the date, transaction type, amount deposited or withdrawn, and the updated account balance.

   Customers are provided with a deposit book upon opening a savings or deposit account, which serves as a tool for them to manage and keep track of their financial activities. They can use it to record any deposits they make into the account, such as cash, checks, or electronic transfers, as well as any withdrawals they make. Each transaction is typically stamped or validated by the bank teller to ensure accuracy and authenticity.

   The deposit book is a tangible record of the customer's account, offering a convenient way to monitor their transactions and retain a physical proof of their financial activities. It allows the account holder to review their balance, understand their financial flow, and reconcile their records with the bank's statements. In addition, it serves as a useful reference in case of any discrepancies or disputes between the customer and the financial institution regarding their account balance or transactions.

Common Misspellings for DEPOSIT BOOK

• seposit book
• xeposit book
• ceposit book
• feposit book
• reposit book
• eeposit book
• dwposit book
• dsposit book
• ddposit book
• drposit book
• d4posit book
• d3posit book
• deoosit book
• delosit book
• de-osit book
• de0osit book
• depisit book
• depksit book
• deplsit book
• deppsit book

Etymology of DEPOSIT BOOK

The term "deposit book" is a compound word that combines "deposit" and "book".

The word "deposit" originated from the Latin word "depositum", which means "a thing placed or put away". It was derived from the verb "deponere", meaning "to put down". Over time, the term evolved to specifically represent the action of placing money or valuables into a bank account for safekeeping.

The word "book" emerged from the Old English word "bōc", which originally referred to a written document, letter, or record. This concept of a written recording eventually extended to include books as we know them today.

By combining these terms, "deposit book" came to represent a written record or document that serves as a record of deposits made into a bank account.