Security amount

In the case of contracts, the agreement that a sum of money (deposit; bail money) is deposited in order to guarantee the subsequent performance of the contractual partner. – A sum of money required in advance by the hotel to be paid by guests who are to be provided with special services, such as an in-house telephone system with free direct dialing or an Internet connection. – In Germany, during the reign of Chancellor Hitler (1933-1945), a one-time or annual payment imposed on disagreeable persons – especially Catholic clergy – to warn them against making statements critical of the government. – In German tax law, a payment corresponding to the contractual penalty. It is imposed on the taxpayer in the event that he fails to observe certain conditions under which he was granted a favorable tax treatment. – See security, security retention, Waarborgsgeld.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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