DEPOSIT

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DEPOSIT

Post by Archived Topic » Wed Dec 19, 2001 10:51 am

WHERE AND HOW DID THE ORIGIN OF THIS WORD COME ABOUT. THANKS
Submitted by gina balassone (whippany - U.S.A.)
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DEPOSIT

Post by Archived Reply » Wed Dec 19, 2001 11:05 am

This question should be in the "Clubhouse".

Deposit is ultimately from the Latin phrase
"deponare deposit-" (Leave your statement).
With the founding of modern banking systems
in the Middle ages the term came to mean
(leave you financial statement)"money".
Deposition and depose are from the same source.
Reply from Jim Frederick (Mississauga - Canada)
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