Home > Term: security deposit
security deposit
An amount of money deposited as security for a contingent obligation resulting from the violation of a right. The term «security» is also used in a more general sense to refer to any form of guarantee or surety for obligations that are uncertain, disputed or not yet due.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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