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
All three organizations are working on a $1.32 million grant from the Illinois Department of Human Services funneled through Lake County to provide help countywide to anyone not more than three months behind on their rent or mortgage or in need of help to make a security deposit.
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Steve Sadin, Chicago Tribune, 29 July 2025
Any cleaning that needs to be done to meet the landlord’s standards is then paid for using the security deposit.
—Kristine Gill, Better Homes & Gardens, 20 July 2025
Are you allowed to keep her half of the security deposit?
—Ashley Vega, People.com, 14 Apr. 2025
While secured credit cards are typically easier to qualify and the security deposit is refundable, that is an additional upfront cost.
—Jason Stauffer, CNBC, 29 Apr. 2025
See All Example Sentences for security deposit
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Steve Sadin, Chicago Tribune, 29 July 2025
Any cleaning that needs to be done to meet the landlord’s standards is then paid for using the security deposit.
—Kristine Gill, Better Homes & Gardens, 20 July 2025
Are you allowed to keep her half of the security deposit?
—Ashley Vega, People.com, 14 Apr. 2025
While secured credit cards are typically easier to qualify and the security deposit is refundable, that is an additional upfront cost.
—Jason Stauffer, CNBC, 29 Apr. 2025
See All Example Sentences for security deposit
Cite this Entry
“Security deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/security%20deposit. Accessed 5 Aug. 2025.
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