Home & Housing

Security deposit

sɪˈkjʊrəti dɪˈpɑːzɪt

noun

What does Security deposit mean?

Money held by the landlord against damage.

Example sentence

"We got our full security deposit back."

American usage tip

Usually one month's rent; document the condition at move-in.

Related Home & Housing words

Closing costs
Fees paid when finalizing a home purchase.
Curb appeal
How attractive a house looks from the street.
Mortgage
A home loan.
Deck
A raised wooden platform behind a house.
Sump pump
A pump that removes water from basements.
Listing
A property advertised for sale or rent.
Driveway
The private paved area from street to garage.
Notice
Formal warning before ending a lease.

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