Answered

What is a security deposit?


A.) a monthly cost to protect landlords against nonpayment

B.) a one-time, up-front payment to protect landlords against nonpayment

C.) a yearly payment to protect landlords against nonpayment

Verified Answer :

B  a one-time, up-front payment to protect landlords against nonpayment

The security Deposit refers to the deposit that is made only one time to protect the landlords against the non-payment. Thus option (B) is correct.

What is the meaning of Deposit?

Deposit refers to the sum of the money which is held by the bank to keep the money save and give back to the account holder whenever he or she requires it.

The term security Deposit refers to the one time payment of the amount to the owner of the rent property by the tenants in case of any damage caused to the property by the renter. Thus option (B) is correct.

Learn more about Security Deposit here:

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