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
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security deposit
noun
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Word by Word Definitions
security
play
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: the quality or state of being secure: such as
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: freedom from danger : safety
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: freedom from fear or anxiety
See the full definition of security
deposit
play
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: to place especially for safekeeping or as a pledge
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: to lay down : place
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: to let fall (something, such as sediment)
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: the state of being deposited
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: something placed for safekeeping: such as
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: money deposited in a bank
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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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