Deposit
nounde·pos·itpronounced deh-POZ-it
Last reviewed 16 April 2026
What does the noun Deposit mean?
The upfront cash you contribute toward the purchase price of a property. The remainder is covered by your home loan.
How the noun Deposit is used
We saved a 20% deposit to avoid paying lenders mortgage insurance, but some buyers get in with as little as 5% using the Home Guarantee Scheme.
Synonyms
down payment
Related words
Cite this entry
MLA citation: "Deposit." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/deposit. Accessed 30 May 2026.
Chicago citation: How to Property. "Deposit." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/deposit.
APA citation: How to Property. (2026, April 16). Deposit. https://howtoproperty.com.au/definitions/deposit