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to place a deposit
01
to give a sum of money as a prepayment or security to secure a reservation or purchase
Example
Customers often place a deposit on expensive jewelry before completing the purchase.
He placed a deposit on the car he intends to purchase and will pay the balance later.
To reserve the event venue, they had to place a deposit in advance.
To reserve a table at the restaurant, you may need to place a deposit for special occasions.
Many landlords require tenants to place a deposit equal to one month's rent.
