Security Deposit: Canada Debt .ca defines Security Deposit

Bankruptcy Term Security Deposit

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Canada Debt has the definition to the bankruptcy and debt term Security Deposit. Finding answers to terms such as Security Deposit can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Security Deposit in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Security Deposit' is used as follows:

The amount you deposit with a credit card issuer as security to obtain a secured credit card.