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
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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 Within the first six weeks, for example, Hurricane Helene survivors should begin filing insurance claims, utility issues, applications for Federal Emergency Management Agency, or FEMA, and look out for false eviction notices, and security deposit disputes, Morgenstern says. Kalia Richardson, Rolling Stone, 5 Oct. 2024 There are credit cards that do not require a security deposit to open, these are known as unsecured credit cards. Jason Stauffer, CNBC, 8 Oct. 2024 See all Example Sentences for security deposit 

Dictionary Entries Near security deposit

Cite this Entry

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

Legal Definition

security deposit

noun
: 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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