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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While that easily totals a jaw-dropping $50,000 tab for a week in Nantucket, a comparable rental with all those amenities would cost as much if not more because of the additional 11.7 percent rental tax and 10 percent security deposit. —

Hannah Seligson, Robb Report, 26 Nov. 2024 Off-campus apartments may also require a security deposit and first month’s rent upfront. —

Nerdwallet, Boston Herald, 29 Oct. 2024 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 See all Example Sentences for security deposit

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“Security deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/security%20deposit. Accessed 30 Dec. 2024.

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