Security deposit

Security deposit

Funds held to guarantee performance of terms. Most frequently seen in a lease wherein the tenant must deposit funds with the landlord for the life of the lease to guarantee performance and condition.

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Part of Speech: noun
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Blossary:
Industry/Domain: Business services
Category: Relocation
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Related terms

security deposit

Retail; Supermarkets

A retailer's cash deposit with a wholesaler to secure credit.

security deposit

Banking; Investment banking

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 ...

security deposit

Convention; Conferences

A deposit made to assure credit usually returned after event if no damages are done.

security deposit

Business services; Relocation

Funds held to guarantee performance of terms. Most frequently seen in a lease wherein the tenant must deposit funds with the landlord for the life of the lease to guarantee ...

Security Deposit

Financial services; Auto loans

A lease deposit collected at the lease signing which is used to cover lessee amounts owed, but not paid, at contract lease end and is refundable.

security deposit

Real estate; General

Money deposited by or for the tenant with the landlord in conjunction with a lease or month-to-month tenancy.

bridge loan

Business services; Relocation

A loan that is provided to an employee by his/her company to assist in purchasing a destination home when the departure home has not yet sold. The loan is typically interest free.

mortgage

Business services; Relocation

A written instrument that creates a lien upon real estate as security for the payment of a specified debt.

market rate

Business services; Relocation

An estimate of the average rate being charged by lenders for conventional, fixed rate mortgage loans.

lump sum program

Business services; Relocation

Monies given to employees in lieu of some or all services traditionally provided to relocating employees to facilitate the transfer.

long carry

Business services; Relocation

An added charge for carrying articles excessive distances between the mover's vehicle and your residence.

lock

Business services; Relocation

The period, expressed in days, during which a lender will guarantee an interest rate.

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