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WordNet-Online
Definitions from WordNet
Noun security deposit has 1 sense
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Definitions from the WebSecurity DepositA security deposit refers to a sum of money that a tenant pays to a landlord or property owner as a form of financial security in case of any damages or unpaid rent. It serves as an assurance for the landlord against potential losses caused by the tenant during their stay. Example sentences:1. Noun (General): Before moving into the apartment, the tenant had to pay a security deposit equivalent to one month's rent. 2. Noun (Rental): The landlord refused to return the security deposit to the tenant due to extensive damages to the property. 3. Noun (Ownership): When purchasing the house, an initial security deposit was required to secure the transaction. 4. Verb: The landlord insisted on security depositing the first month's rent prior to signing the lease agreement. 5. Verb: The tenant decided to security deposit a portion of their salary into a separate account for future emergencies. Possible related products:You can explore books and guides on real estate rental and leasing practices on Amazon. | ||||
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