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security deposit

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. An amount of money paid in advance as security against the payor's non-performance of a contractual obligation.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities

Etymologies

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Examples

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