security deposit
noun
: 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
Hundreds of people testified Tuesday on a slew of bills aimed at protecting Connecticut tenants, including measures to reform eviction law and others that would limit how much landlords can charge for a security deposit and what crimes can be considered when renters apply to live in an apartment.
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Ginny Monk, Hartford Courant, 19 Feb. 2025
Scammers will often ask for payments like an application fee, a security deposit, the first month’s rent or a mix of such charges.
—Ana Teresa Solá, CNBC, 23 Jan. 2025
Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200.
—Ryley Amond, CNBC, 12 Feb. 2025
Regulators only require oil and gas companies to set aside tiny bonds that act like a security deposit on an apartment.
—Mark Olalde, ProPublica, 30 Dec. 2024
See All Example Sentences for security deposit
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Ginny Monk, Hartford Courant, 19 Feb. 2025
Scammers will often ask for payments like an application fee, a security deposit, the first month’s rent or a mix of such charges.
—Ana Teresa Solá, CNBC, 23 Jan. 2025
Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200.
—Ryley Amond, CNBC, 12 Feb. 2025
Regulators only require oil and gas companies to set aside tiny bonds that act like a security deposit on an apartment.
—Mark Olalde, ProPublica, 30 Dec. 2024
See All Example Sentences for security deposit
Cite this Entry
“Security deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/security%20deposit. Accessed 3 Mar. 2025.
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