Security Deposit

    FEE

    A sum held against possible damages, unpaid bills, or contractual breaches and assessed at the end of occupancy.

    See also

    Caution Fee

    A refundable or condition-based sum held against damage, defaults, or unresolved obligations during a tenancy.

    Refundable

    A payment or charge that may be returned if specified conditions are met and no deductions are justified.