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
Those who have lower credit scores, but still have sufficient income to qualify, could be charged a higher interest rate, be subject to a larger down payment and/or be required to post a refundable security deposit, all of which would translate into higher monthly payments.
—
Jim Gorzelany, Forbes, 19 Feb. 2025
In New York City, for example, the average upfront cost for renters — which include the first month’s rent, a security deposit, and a broker fee — is $10,400.
—Abdallah Fayyad, Vox, 1 Oct. 2024
Don’t forget to budget for a security deposit, cleaning fees, and extra water refills or waste disposal charges.
—Joan Pabón, Miami Herald, 26 Feb. 2025
Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200.
—Jason Stauffer, CNBC, 27 Feb. 2025
See All Example Sentences for security deposit
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Jim Gorzelany, Forbes, 19 Feb. 2025
In New York City, for example, the average upfront cost for renters — which include the first month’s rent, a security deposit, and a broker fee — is $10,400.
—Abdallah Fayyad, Vox, 1 Oct. 2024
Don’t forget to budget for a security deposit, cleaning fees, and extra water refills or waste disposal charges.
—Joan Pabón, Miami Herald, 26 Feb. 2025
Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200.
—Jason Stauffer, CNBC, 27 Feb. 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 16 Apr. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share