Security deposit

Noun

Word Frequency: 0.3

Definitions

1.NounAn 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."

The Daily Word NerdA new word, a puzzle, and a fun fact — free in your inbox every morning.

Free forever · unsubscribe anytime · all 14 newsletters

That email did not go through — please check it and try again.