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Definition of Security deposit
1. Noun. The amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities.
Definition of Security deposit
1. Noun. An amount of money paid in advance as security against the payor's non-performance of a contractual obligation. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Security Deposit
Literary usage of Security deposit
Below you will find example usage of this term as found in modern and/or classical literature:
1. Preventing Gang & Drug Related Witness Intimidation by Peter Finn (1996)
"... 14,1 la(l)L If the payment of a new security deposit in full prior to occupancy
in the new apartment would create an undue hardship or delay the move, ..."
2. Proceedings by Board of Trustees, Chicago Sanitary District (1898)
"Among those submitted were propositions from the present lessors of the District
and from the security deposit Company of Chicago. ..."
3. Reports of Cases Decided in the Supreme Court of the State of Oregon by Oregon Supreme Court (1918)
"In an action by the trustees in bankruptcy of a corporate lessee to recover a
security deposit from the landlord, the complaint, alleging that a person ..."
4. The Financial History of New York State from 1789 to 1912 by Don Conger Sowers (1914)
"SECURITY-DEPOSIT SYSTEM The adoption of the security-deposit system of banking
under a general banking law was not due to a failure of the safety-fund ..."
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