Security deposit

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Security deposit (initial)

Synonymous with the term margin. A cash amount that must be deposited with the broker for each contract as a guarantee of fulfillment of the futures contract. It is not considered as part payment or purchase. Related: Margin.

Security deposit (maintenance)

Security Deposit

1. See: Maintenance Margin.

2. An amount that a lessor, lender, seller or provider of a service requires up front to compensate for the risk that he will not receive payment or the agreement will be violated. For example, a landlord may require one month's rent as a security deposit just in case a tenant knocks a hole in the wall and leaves the landlord to pay for it. Generally speaking, if the agreement is followed, the one who pays the security deposit receives the money back. See also: Earnest Money.

security deposit

Money required to be paid to a landlord or to service providers in order to protect them against possible default.The law varies from state to state regarding the following questions: Must the deposit be kept in a separate account from the operating account? Must it earn interest? May it be used to pay for damage to the property,or just default in the payment of rent? How much money can a landlord require? How soon does it have to be refunded? Most states maintain excellent Web sites with information about consumer protection laws, including landlord-tenant law and the requirements related to security deposits.

References in periodicals archive ?
On the flip side, for prospective renters who don't meet certain qualifications, landlords and management companies can often request security deposits of up to six months upfront.
That security deposit will then be the 'financial cover' that the market operator can lean on if the power generator or the DU defaults on payments for or settlements of WESM-transacted capacities.
Dubai: A Dubai resident living in a villa said he was asked to produce an additional Dh15,000 security deposit for his villa's utilities, prompting him to ask if the security deposit for villas in the emirate has been changed.
Secondly, a landlord can make deductions from a security deposit if there are damages beyond normal wear and tear on the premises (assuming that the landlord did a proper move-in and move-out inspection).
5 States with Lowest Security Deposits for Conditionally Approved Apartment Residents OK $411 MI $411 NM $391 IA $386 AK $341 5 States with Highest Security Deposits for Conditionally Approved Apartment Residents NJ $1,280 CT $1,364 NY $1,645 MA $1,719 CA $1,891 Source: Neighborhood Pay Services Note: Table made from bar graph.
"The tenant paid the security deposit. The security deposits were supposed to be held in trust in the tenant's name.
The Dubai Electricity and Water Authority (Dewa) has said the reason for doubling the security deposit for utility connections in Dubai is to "ensure that new tenants will not be affected by any outstanding bills from previous tenants".
I typically tell a prospective client that if you I require more than five seconds to answer the question, "Who owns a security deposit?" then you should hire a professional property manager.
Part of the security deposit was invested in National Savings Certificates (NSC), Kisan Vikas Patras (KVP) and Post Office Time Deposits (POTD).
Section 1950.7(c) limits the application of a security deposit to retrospective damages, which include "those amounts as are necessary to remedy tenant defaults in the payment of rent, to repair damages to the premises caused by the tenant, or to clean the premises upon termination of the tenancy, if the payment or deposit is made for any or all of those specific purposes."
Losing security deposit in any election is termed as a humiliating defeat.

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