deposit-return

Vocabulary Word

Definition

'Deposit-return' is when you give something temporarily and get money in return. Generally, it involves products that can be used again or precautions for the borrowed goods. It also encourages reuse and recycling.

Examples in Different Contexts

In recycling programs, 'deposit-return' schemes incentivize the return of containers for recycling by providing a monetary return on deposits paid at purchase. An environmental policy maker might say, 'Deposit-return systems have significantly increased recycling rates for bottles and cans.'

Practice Scenarios

Tech

Scenario:

Our trade-in program for old gadgets has seen a surge in participation. It seems customers appreciate the benefits of refurbishing and recycling electronics.

Response:

To enhance the trade-in program further, maybe we could consider doubling the deposit-return for electronics that are in excellent condition.

Sustainability

Scenario:

As a company committed to sustainability, we must encourage our customers to return their used containers. Reprocessing and reuse can dramatically cut down on our carbon footprint.

Response:

Exactly. How about instituting a deposit-return system where customers get a small reward for returning reusable containers?