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The term 押金 (yājīn) specifically refers to a deposit made as security, often in rental agreements or service contracts. Other words with a similar meaning include:
1. 保证金 (bǎozhèng jīn) - This term refers to a guarantee deposit, which is often used in transactions as a form of assurance that the agreement will be honored. It can be seen in contexts like bids or contracts where a financial guarantee is required.
2. 定金 (dìngjīn) - This means a down payment or earnest money. It is often used in transactions like purchasing goods or real estate, indicating that a portion of the total price is paid upfront to secure the deal.
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When renting an apartment in China, it is common to pay a 押金 (yājīn) as a security deposit. This 押金 (yājīn) is usually equal to one month's rent and is refundable when the tenant moves out.
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