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Discover LudwigSuggestions(5)
The phrase 'a security deposit' is correct and usable in written English.
You can use it when referring to a sum of money paid to secure a service, item, or accommodation. For example: "The landlord requested a security deposit of $500 for the apartment."
Exact(60)
Interest Rate on A Security Deposit Q.
Must a New Owner Return a Security Deposit?
The initial cash outlay is usually only a security deposit.
Turns out, here in the East, they have this thing called "a security deposit".
The price to move in was $800 cash, a month's rent plus a security deposit.
The management company required two months' rent for a security deposit.
Again Catholic Charities will help, providing $1,000 for a security deposit.
But in place of a fee there is a security deposit, usually about $100.
"In this case, the landlord is apparently holding $2,216 as a security deposit," he said.
In addition to a security deposit, some landlords also want the first and last month's rent.
The family had no money saved for a security deposit on a new apartment.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com