Meaning of security deposit In English

• 0 an amount paid when you agree to rent a house, apartment, etc., which its owner can keep if you leave before the end of the agreement or damage the property:

  • The site offers residents help on how to get a landlord to make repairs or return a security deposit.

• 1 an amount that someone selling something asks for, which they can keep if the buyer later decides not to buy:

  • The plan offers homeowners solar power energy for a security deposit of £1,000, rather than the full £20,000 installation cost.