security deposit

Definition

Money paid in advance of a transaction to protect a seller or renter against damage or non-payment.

Use security deposit in a sentence

You may want to make someone give a security deposit if you have never done business with them before that time.

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I helped my brother in law clean his apartment and scrub his walls so his Landlord would return his security deposit.

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Fred's previous landlord claimed he had to spend thousands on repairs after he moved out, but Fred was able to get his whole security deposit back in small claims court because the landlord failed to send him an itemized statement.

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margin deposit