source of deposits

USAGE SUMMARY

The phrase "source of deposits" is correct and usable in written English.
You can use it to refer to the source where something (usually money) is deposited. For example: "The bank operates as a source of deposits for customers who wish to save money."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

The bank likes having another source of deposits.

The New York Times

It will, in effect, have secured for itself a cheapish source of deposits, redeemable for a car, as production allows.

The Economist

The Senate Banking Committee today unanimously approved broad legislation to combat money laundering that would require banks and other financial institutions to make a serious effort to determine the source of deposits from foreign countries.

The New York Times

[C2.] Money Laundering Bill Advances The Senate Banking Committee approved a bill to fight money laundering that would require banks and other financial institutions to make a serious effort to determine the source of deposits from foreign countries.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

The source of depositing atoms can be from vacuum evaporation, sputtering, arc vaporization or from a chemical vapor precursor.

Surface and Coatings Technology

Although there have been several investigations into the dynamics of contaminated river sediment, less attention has been paid to the sources of deposited particulate matter in dams and reservoirs.

Science of The Total Environment

Similar geochemical signatures of gypsiferous marls and loess deposits, the existence of gypsum enriched layers in the loess deposits and the geomorphic position show that gypsiferous marls are the main source of aeolian deposits.

Geoderma

This captive source of cheap deposits leaves China's banks largely shock-proof.

The Economist

Other major elements of the bill include: *Power for the federal authorities to investigate the source of foreign deposits that may be the proceeds of corruption.

The New York Times

In the Southern Hemisphere a cold-climate flora, typified by seed ferns, dominated upland environments and became a source of coal deposits as well.

Encyclopedia Britannica

But banks often said they could not determine the source of customers' deposits and allowed creditors to garnish accounts containing federal funds.

The New York Times

Expert writing Tips

Best practice

When discussing financial transparency or regulatory compliance, use the phrase "source of deposits" to clearly identify the origin of funds. This is particularly important in contexts related to anti-money laundering efforts.

Common error

Avoid using "source of deposits" when you actually mean "use of deposits". The former refers to where the money comes from, while the latter refers to how the money is being spent or invested. For example, don't say "The source of deposits was used to fund the loan" when you mean "The deposits were used to fund the loan".

Linguistic Context

The phrase "source of deposits" functions as a noun phrase, identifying the origin or provenance of funds placed in a financial account. Ludwig AI confirms the phrase is correct and usable.

Expression frequency: Common

Frequent in

News & Media

30%

Science

30%

Encyclopedias

15%

Less common in

Formal & Business

10%

Reference

10%

Wiki

5%

Ludwig's WRAP-UP

The phrase "source of deposits" is a grammatically correct and commonly used term that refers to the origin of funds being deposited, as confirmed by Ludwig AI. It is most frequently found in news articles, scientific publications, and encyclopedias, often in the context of financial regulation and transparency. When using the phrase, ensure clarity by distinguishing it from related concepts such as "use of deposits". Consider alternatives like "origin of funds" or "provenance of deposits" to add variety to your writing. Remember that this term is crucial for identifying and preventing financial crimes, as it helps in tracing the origin of the money. The top authoritative sources using this phrase include The New York Times and The Economist.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

origin of deposits

Focuses on the starting point or the beginning of the deposits.

origin of funds

Refers to the source where money comes from, generally.

provenance of deposits

Emphasizes the history and track record of the deposits.

root of deposits

Highlights the fundamental reason or cause for the deposits.

derivation of deposits

Focuses on the process by which the deposits were obtained.

genesis of deposits

Highlights the creation or initial development of the deposits.

supply of deposits

Indicates where to replenish or stock up on deposits.

base of deposits

Emphasizes the fundamental support or reason for the deposits.

wellspring of deposits

Implies an abundant and continuous origin for the deposits.

reservoir of deposits

Highlights that deposits are stored from that location.

FAQs

How is the phrase "source of deposits" used in banking?

In banking, "source of deposits" refers to the origin of funds being deposited into an account. Banks are often required to verify the "source of deposits" to comply with anti-money laundering (AML) regulations and ensure the funds are legitimate.

What documentation might be required to verify the "source of deposits"?

Depending on the amount and circumstances of the deposit, banks may ask for documentation such as pay stubs, tax returns, sales contracts, or other official documents that prove the "source of deposits".

In a financial context, what's an alternative to saying "source of deposits"?

Alternatives include "origin of funds", "provenance of funds", or simply "funding source". The choice depends on the specific nuance you want to convey, but all generally refer to where the money came from. For example, "the "origin of funds"" may be used instead of "the "source of deposits"".

Why is it important to identify the "source of deposits"?

Identifying the "source of deposits" is crucial for preventing financial crimes like money laundering and terrorist financing. It helps financial institutions ensure that funds are not derived from illegal activities.