Security Deposit
type: Class
alternative label: Damage Deposit
alternative label: Lease Deposit
alternative label: Rental Deposit
alternative label: Tenancy Deposit
subclass of: RDT9HdGssfLC6RPAX15qHr7
definition: A security deposit is a sum of money held by a landlord or lessor as collateral to cover potential damages or unpaid rent by a tenant or lessee. It is typically refundable if the terms of the lease are met and no damages occur.