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Redeposit

calender iconUpdated on April 04, 2024
personal finance
retirement planning

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The word “redeposit” is not commonly used in contemporary English. It is a word that is mainly used in legal contexts.

Definition:

  • Redeposit: A sum of money paid again as security for a debt or obligation.

Example:

  • The mortgagor must redeposit the security deposit.
  • The plaintiff redeemed the security deposit.

Alternative words:

  • Deposit
  • Security deposit
  • Security deposit refund

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