Security Deposit
Registered contractors are usually required to furnish a bond for a stipulated sum as security or earnest money deposit to be adjusted against work done, normally in the form of Bank Gurantee or Surety.
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Famous quotes containing the words security and/or deposit:
“A well-regulated militia being necessary to the security of a free State, the right of the people to keep and bear arms shall not be infringed.”
—U.S. Constitution, Second Amendment.
“A real life, a life that leaves a deposit in the shape of something alive.... It’s difficult to say what makes a life a real life.... You could also say it depends on a person being identical with himself.”
—Max Frisch (1911–1991)