Surety / Guarantor (1) – Security / Security deposit / Deposit (2)

1. When entering into a contract, the surety or guarantor is the person who agrees to guarantee the performance of the obligations of one of the contracting parties vis-à-vis the other.

2. Security, security deposit and deposit may all be used to refer to an amount of money deposited to secure the fulfilment of an obligation, such as the payment of a debt.

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