Definition of security deposit noun from the Oxford Advanced Learner's Dictionary


security deposit

BrE BrE//sɪˈkjʊərəti dɪpɒzɪt//
; NAmE NAmE//səˈkjʊrəti dɪpɑːzɪt//
[usually singular] (North American English)
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a sum of money you pay when you rent a place to live and that is returned when you leave if you do not cause any damage The landlord requires a security deposit of one month's rent.
See the Oxford Advanced American Dictionary entry: security deposit