Redeposit

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