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Security deposit

noun

Definitions

Noun
  1. 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."

  2. 2
    the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities wordnet

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