2

When a landlord rents a property, he can insure himself in one of two ways:

  • Security Deposit - an item or amount of money that is in the possession of the landlord and can be used to cover damages or failure to pay rent
  • Guarantor - a person or body that accepts the responsibility to pay if the tenant is not able

What word can be used to group these terms together?

I am trying to find a good name for a tab in which the user can define whether the Contract uses one (or both) of these methods.

So far I have financial protection. Any other suggestions?

  • Can they be referred to as securities? – Steve Lovell Jun 27 '17 at 10:03
  • like indemnity? – peerless Jun 27 '17 at 10:04
  • @SteveLovell - im afraid "securities" has a different implication: en.wikipedia.org/wiki/Security_(finance) – DAE Jun 27 '17 at 10:05
  • @peerless - good word, but seems to only reflect the "guarantor" option – DAE Jun 27 '17 at 10:06
  • That was my concern about securities. There is a more general sense in the dictionary, but it would be easy to create confusion by using it. – Steve Lovell Jun 27 '17 at 10:18
8

These are both sureties:

  1. security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or bond.
  2. a person who has made himself or herself responsible for another, as a sponsor, godparent, or bondsman. - Dictionary.com
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  • thanks! Do you have any familiarity with the professional world and if this is commonly used? – DAE Jun 29 '17 at 8:34
  • No, I looked up assurances for you. – Yosef Baskin Jun 29 '17 at 12:43

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