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

Examples of security deposit in a Sentence

Recent Examples on the Web According to the attorney general, Arnel charged for unneeded cleaning and repairs and treated part of its tenant’s security deposit as nonrefundable no matter the condition of the apartment. Andrew Khouri, Los Angeles Times, 1 Apr. 2024 Over the coming days, the agents would crack open hundreds of individual security deposit boxes. Andrew Wimer, Forbes, 11 Dec. 2023 The law permits landlords to collect only the first month’s rent and a security deposit equal to one month’s rent at the start of the lease. Jill Terreri Ramos, New York Times, 30 Mar. 2024 An advance on her pay covered her apartment’s security deposit. Josh Boak, Fortune, 15 Mar. 2024 In fact, the warrant limited the FBI to opening up individual security deposit boxes only for the purpose of identifying owners and returning property. Andrew Wimer, Forbes, 11 Dec. 2023 In addition, the family claims, the apartment complex kept Farrer’s security deposit. Chris Morris, Fortune, 7 Mar. 2024 Using these has the impact of a larger home reno without risking your security deposit. Anne Loreto Cruz, Bon Appétit, 8 Feb. 2024 The top complaints the agency received last year were issues between landlords and tenants, such as returning a security deposit, evictions or unauthorized entry. Journal Sentinel, 2 Feb. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'security deposit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Security deposit.” Dictionary, Merriam-Webster, Accessed 24 Apr. 2024.

Legal Definition

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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