caution money Meaning in the Cambridge English Dictionary
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Meaning of “caution money” in the English Dictionary

"caution money" in Business English

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caution moneynoun [U]

uk   us  
LAW an ​amount of ​money that someone has to ​pay when they ​rentproperty, use a ​service, etc. which will not be ​returned if they ​damage something or ​owemoney at the end of their ​contract: Each new ​student is ​required to ​pay a ​deposit of $300 as ​cautionmoney on first ​registration.
(Definition of caution money from the Cambridge Business English Dictionary © Cambridge University Press)
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