
The best word which would fit in as the answer to the question.

Answer to Problem 5AA
Option (e) − Equivalent.
Explanation of Solution
As the concept mentions about the security deposit, that any default in the payment or damage caused is taken by the property holder as a security money from the tenant which is often equivalent to one month’s rent charged.
If there is no default in the payment or no damage is done by the end of the tenure or at the time of tenant leaving the property, the security money is given back to the tenant by the property holder as per the agreement.
No other option fits in as the answer to the question because except ‘equivalent’ no other option provides any relation to the security deposit or its worth which can be equal to the one month’s rent.
Introduction:
A security deposit is a part-payment at the initial stage of a rental agreement so as to provide the assurance by the tenant to the property holder against any non-payment or any damage caused which has been mentioned in the agreement.
Chapter 5 Solutions
Economics Today and Tomorrow, Student Edition
Additional Business Textbook Solutions
Accounting Information Systems (14th Edition)
Financial Accounting, Student Value Edition (5th Edition)
Horngren's Accounting (12th Edition)
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Business Essentials (12th Edition) (What's New in Intro to Business)
Operations Management
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