What is another word for security deposit?
Pronunciation: [sɪkjˈʊ͡əɹɪti dɪpˈɒsɪt] (IPA) 
A security deposit is a sum of money paid upfront to ensure that a financial obligation is met. Synonyms for security deposit include damage deposit, rent deposit, lease deposit, and tenant deposit. A damage deposit is typically collected by landlords to cover any potential damage that may occur to a rental property. A rent deposit is usually required by landlords to cover the last month's rent, while a lease deposit is a sum paid upfront to secure a lease on a property. A tenant deposit is an amount paid by tenants to cover any unpaid rent or damages at the end of their lease. These synonyms are frequently used in the field of real estate and property management.
