amount on deposit

USAGE SUMMARY

The phrase "amount on deposit" is correct and usable in written English.
It can be used in financial contexts to refer to the total sum of money that is held in an account or investment. Example: "The bank statement shows an amount on deposit of $5,000."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

9 human-written examples

And the amount of available credit should be equivalent to the amount on deposit.

The New York Times

And the available amount of credit is often equivalent to the amount on deposit.

The New York Times

Moreover, he said, whatever the interest rate is, the landlord is allowed by law to deduct 1percentt of the amount on deposit as an administrative fee.

The New York Times

But the law also lets landlords collect a fee equal to 1percentt of the total amount on deposit each year.

The New York Times

Moreover, he said, since the landlord is entitled to deduct 1percentt of the amount on deposit as an administrative fee each year, the amount the tenant would get, particularly for a limited-term sublet, is probably not worth litigation to recover.

The New York Times

A. Colleen F. McGuire, a Manhattan landlord-tenant lawyer, said that under current law a landlord who has deposited a tenant's security deposit in an interest-bearing account is entitled to receive an "administration fee" of 1percentt of the amount on deposit.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

51 human-written examples

Éric Woerth, the French budget minister at the time, announced that the French government had recovered the names of three thousand taxpayers who held undeclared accounts in Switzerland, remarking, "This is the first time we have this kind of information: accurate, with names, account numbers, and amounts on deposit.

The New Yorker

It was used to compute the amount of deposit on the top plate of chimney C0016B.

ROBOMECH Journal

Among the three artificial hydrothermal vents, chimney C0016B has the largest amount of deposit growing on top of the artificial structure.

ROBOMECH Journal

This will remain the case up until the middle of next year, at which point customers with large amounts on deposits with both A&L and any one of the other three brands will need to keep a close eye on what will happen.

The Guardian - Money

Among other things, she lobbied to lift federal limits on the amount of deposits any one bank could hold, a restriction that kept big banks from getting bigger.

The New York Times

Expert writing Tips

Best practice

When discussing financial matters, clearly specify the "amount on deposit" to avoid ambiguity. For example, instead of saying "ensure sufficient funds", state "ensure an amount on deposit of $5000".

Common error

Avoid interchanging "amount on deposit" (the actual money in an account) with "available credit" (the borrowing power). While they can be related in secured credit cards, they are distinct concepts. For example, don't say "The amount on deposit is available for spending", instead clarify if it's secured credit or actual funds.

Linguistic Context

The phrase "amount on deposit" functions as a noun phrase specifying the total sum of money held in an account. As stated by Ludwig, it is correct and usable in written English, particularly in financial contexts.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Science

30%

Formal & Business

30%

Less common in

Encyclopedias

0%

Wiki

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "amount on deposit" correctly refers to the sum of money held in an account, typically appearing in financial and legal contexts. Ludwig AI confirms its grammatical correctness and usability. While uncommon, the phrase is appropriate for formal communications such as bank statements, contracts, and news reports. Remember to use "amount on deposit" to specifically indicate funds held in an account, distinguishing it from related concepts like available credit or cash on hand.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

deposit balance

Focuses on the balance of the deposit specifically.

funds on account

Emphasizes the funds held within a specific account.

balance on deposit

Highlights the balance that is currently deposited.

sum on deposit

Replaces "amount" with "sum", indicating a total.

total deposit

Refers to the overall deposit amount.

deposit total

Reorders the words to emphasize the deposit.

funds in account

More general, indicating funds are present.

monetary deposit

Uses the adjective "monetary" to describe the type of deposit.

capital on deposit

More formal, using "capital" instead of "amount".

credit balance

Emphasizes the credit side of the balance.

FAQs

How can I use "amount on deposit" in a sentence?

You can use "amount on deposit" to refer to the total sum of money held in an account. For example, "The bank statement shows an amount on deposit of $5,000".

What are some alternatives to the phrase "amount on deposit"?

Some alternatives include "deposit balance", "funds on account", or "balance on deposit", which all relate to the money held in an account.

What is the difference between "amount on deposit" and "cash on hand"?

"Amount on deposit" refers to funds held within a bank or financial institution, whereas "cash on hand" refers to physical currency readily available.

Is it correct to use "amount in deposit" instead of "amount on deposit"?

While understandable, "amount in deposit" is less common and less idiomatic than "amount on deposit". "Amount on deposit" is the preferred phrase.