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| Definition Of: |
Refundable Security Deposit
An amount paid by the lessee to the lessor as security for fulfillment of all obligations outlined in the lease agreement that is subsequently refunded to the lessee once all obligations have been satisfied. Security deposits typically are returned at the end of the lease term but- according to mutual agreement- can be refunded at any point during the lease.
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Leasing Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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