| Term | Definition |
|---|---|
| Deposit | Money you have readily available that you use as part of the payment on your new property. When renting property, a Money you have readily available that you use as part of the payment on your new property. When renting property, a deposit is an amount that you pay upfront and is used as security in the event that you cause any damage to the property while renting it. Afrikaans - Deposito ">deposit is an amount that you pay upfront and is used as Collateral for the bank that a client pledges in case they default on their mortgage payment. Afrikaans - Sekuriteit ">security in the event that you cause any damage to the property while renting it. Afrikaans - Deposito |
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