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

security deposit

noun
 
/sɪˈkjʊərəti dɪpɒzɪt/
 
/sɪˈkjʊrəti dɪpɑːzɪt/
[usually singular] (especially North American English)
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  1. 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.
    Topics Houses and homesb2
See security deposit in the Oxford Advanced American Dictionary
previously
adverb
 
 
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