Deposit Description

A deposit is an advance payment made to secure a product, service, or reservation. It confirms the customer's intention to proceed with the purchase or booking. The deposit is usually a portion of the total cost and may be applied toward the final payment. Deposits help ensure availability and protect the provider from cancellations or last-minute changes. Depending on the terms and conditions, deposits may be refundable or non-refundable. Customers are encouraged to review the deposit policy carefully before making a payment.