Definition of security deposit

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TeachMeFinance.com - explain security deposit



security deposit -- money paid by a renter to a landlord as security against abuse of the rented property. The deposit is returned to the renter when the renter leaves the property in good condition, except for normal wear and tear.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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