What does "Fianza" refer to in English?

Prepare for the Siesta Advisor Exam with flashcards and multiple choice questions. Hints and explanations are included for each question to help you excel. Get ready to succeed!

"Fianza" translates to "deposit" in English, making it the correct choice. In financial contexts, a "fianza" is usually a sum of money put down as security to ensure compliance with an obligation, such as rent or a loan. This term is commonly used in leasing or rental agreements, where the tenant is required to pay a security deposit that may be held until the end of the lease to cover potential damages or unpaid rent.

Understanding the context of the term helps clarify its meaning further: while "hour," "day," and "price" may have their specific uses in various contexts, they do not capture the financial aspect of "fianza." Thus, recognizing "fianza" as a deposit helps in grasping how security and financial transactions are represented in language.

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