Security deposit

Meaning

A security deposit is a sum held by a provider, usually against equipment, which should be returned under stated conditions. Ask what the amount covers, what you must do to get it back, how long the refund takes and whether it is returned in full. When you leave, return the equipment against a written receipt, and photograph the equipment and its serial number at installation. Ask for each charge and each deposit by name, and for the conditions attached to it. See also: Lock-in period, and the guide Installation, Contract and Router Charges to Ask About.