The combined use of grain size and magnetic fabric analyses provides the ability to discriminate among depositional environments in deep‐sea terrigenous sediments. We analyzed samples from three different depositional settings: turbidites, pelagic or hemipelagic interlayers, and sediment drifts. Results indicate that sediment samples from these different environments can be distinguished from each other on the basis of their median grain size, sorting, as well as the intensity and shape of magnetic fabric as determined from an examination of the anisotropy of magnetic susceptibility. We use these discriminators to interpret downcore samples from the Bermuda Rise sediment drift. We find that the finer grains of the Bermuda Rise (relative to the Blake Outer Ridge) do not result from lower depositional energy (current speed) and so may reflect a difference in the nature of sediment being delivered to the site (i.e., distance from source) between the two locations.