security deposit

noun

Definition of security deposit

:an amount of money that a renter pays when beginning to rent property (such as an apartment) and that can be used to pay for any damage that the renter causes to the property

Word by Word Definitions

security play
  1. : the quality or state of being secure: such as

  2. : freedom from danger : safety

  3. : freedom from fear or anxiety

deposit play
  1. : to place especially for safekeeping or as a pledge

  2. : to lay down : place

  3. : to let fall (something, such as sediment)

  1. : the state of being deposited

  2. : something placed for safekeeping: such as

  3. : money deposited in a bank


Law Dictionary

security deposit

noun

legal Definition of security deposit

:money provided by a tenant to a landlord to secure performance of a rental agreement or compensate for possible loss or damage

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