security deposit

English

Noun

security deposit (plural security deposits)

  1. An amount of money paid in advance as security against the payor's non-performance of a contractual obligation.
    The landlord demanded one month's security deposit for rent, another for damage to the apartment, and one month's rent in advance.

Synonyms

  • (money paid in advance): bail

Translations

This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.