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What is a security deposit?
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Asked 2/20/2014 3:06:25 PM
Updated 2/20/2014 3:44:44 PM
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Flagged by andrewpallarca [2/20/2014 3:44:44 PM]
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User: What is a security deposit?

Question
Asked 2/20/2014 3:06:25 PM
Updated 2/20/2014 3:44:44 PM
2 Answers/Comments
Flagged by andrewpallarca [2/20/2014 3:44:44 PM]
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A security deposit is a monetary deposit given to a lender, seller or landlord as proof of intent. Security deposits can be either refundable or nonrefundable, depending on the terms of the transaction. As the name implies, the deposit is intended as a measure of security for the recipient.
Added 2/20/2014 3:34:25 PM
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Paral, for definitions, please only copy one sentence unless you are using your own words and do not forget to flag incorrect answers.
Added 2/20/2014 3:44:25 PM
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