"To hold the deposit" means to keep or hold onto a specific amount of money that is given as a guarantee or security for a future payment or transaction. Full definition
Some of the options include raising the amount of deposit protection and requiring builders to hold these deposits in trust, as they currently do for condominium purchasers. (remonline.com)
An account created for a specific purpose, such as to hold money for taxes and insurance, or to hold deposit money prior to closing. (guidetolenders.com)
The buyer and seller decide upon and agree to who will hold the deposit as part of their negotiation of the purchase contract. (recablog.ca)