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

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

Tenants can do several things to improve their chances of receiving back most or all of their security deposit, according to legal advocates at ILAS and Housing4Hoosiers. —

Jordan Smith, The Indianapolis Star, 19 Sep. 2024 The final bill would increase the fee to $43 and allow landlords to pull from a renters’ security deposit to cover the cost. —

Sam Janesch, Baltimore Sun, 8 Apr. 2024 You aren’t required to make an upfront security deposit with an unsecured credit card. —

Jason Stauffer, CNBC, 8 Oct. 2024 Companies that cooperated with China’s investigation were hit with security deposit rates of 34.8%, with that imposed on Martell the lowest at 30.6%. —

Reuters, CNN, 8 Oct. 2024 See all Example Sentences for security deposit

Cite this Entry

Style

“Security deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/security%20deposit. Accessed 22 Dec. 2024.

Copy Citation