deposit; security money
Meanings
2 senses · 5 examplesnoun
deposit; security money
neutralA sum of money given as a pledge or guarantee for the fulfillment of an obligation, such as renting property, borrowing items, or ensuring the return of borrowed goods. Usually refundable upon meeting the terms.
When renting an apartment, you usually need to pay one month's rent as a deposit first.
Borrowing a book requires a one-hundred-yuan deposit, which is refunded when the book is returned.
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This contract stipulates that the deposit will be refunded without interest after the lease term expires.
noun
money deposited as security; money held in pledge
formalA more formal or financial term referring to funds deposited, often in the context of loans, bail, or financial guarantees. The meaning overlaps significantly with the first sense.
He obtained a loan from the bank but needed to provide real estate as security money.
This deposit money is frozen until the debt is paid off.