Definition of caution money in English:
noun[mass noun] British
Money deposited, especially by a college student, as security for good conduct.
- This will enable the Financial Office to send your caution money cheque to the right place.
- The caution money is refundable on withdrawal from the Institute if no claims are outstanding.
- Such caution money must be returned to the client when s/he leaves after inspection of the apartment.
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