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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
The days of needing to save two to three months’ worth of rent for a security deposit are largely over in California.
—Andrew J. Campa, Los Angeles Times, 3 July 2024
The new law prevents most landlords from charging renters two to three times the amount of monthly rent as a security deposit.
—Sarah Linn, Sacramento Bee, 1 July 2024
Instead, property owners can only charge tenants a security deposit that’s equivalent to one month’s rent.
—Angela Rodriguez, Sacramento Bee, 24 June 2024
Few people leave prison with enough savings to pay the security deposit, and two months of rent are often due upfront for an apartment.
—Jaden Edison, Hartford Courant, 25 Mar. 2024
When a security deposit is being held for a primary residence, a tenant cannot deduct this income.
—Jill Terreri Ramos, New York Times, 1 June 2024
According to the website, a $500 security deposit is required for all rentals.
—Claire Reid, Journal Sentinel, 16 May 2024
The notion of wealthy, card-carrying liberals racing to replace a racist statue in service of a security deposit is rife for satire, which has never really been Curb’s bag.
—Larry Fitzmaurice, Vulture, 8 Apr. 2024
My landlord placed my security deposit in an interest-bearing account, as required by law.
—Jill Terreri Ramos, New York Times, 1 June 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'security deposit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near security deposit
Cite this Entry
“Security deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/security%20deposit. Accessed 14 Jul. 2024.
Legal Definition
security deposit
noun
: money provided by a tenant to a landlord to secure performance of a rental agreement or compensate for possible loss or damage
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