The difference between the deposit and the deposit on

The so-called deposit, is the contracting parties in order to ensure performance of the contract, according to the law or the agreement of both parties by the party at the conclusion of the contract or entered into after the performance before the subject of the contract amount to a fraction (less than 20%), pre- payment of money or other party alternatives. It is guaranteed a certain amount as a debt of money, it belongs to a legal way of security, aimed at prompting the debtor to discharge debts, to protect the claims of creditors can be achieved. When the contract, the deposit must be agreed in writing, but also agreed to deposit the amount and delivery period. Party to pay a deposit if you do not perform the debt, no right to ask the other party return of the deposit; to accept the deposit if the party does not fulfill the debt, the debt required to double the return of the other party. Debtor to discharge debts, according to agreement, the deposit shall be offset against the price or recovered. According to the Supreme Court in December 8, 2000 "published on the applicable" Guarantee Law "Interpretation of Several Issues", the type of deposit and application are summarized as follows: 1, 2 deposit contract, as agreed gold 3, termination deposit 4, breach of contract deposit.
Deposit, also known as advance payment, is agreed upon by the parties prior to the performance of the contract to pay part of the price. Deposit in the nature of delivery is a party to perform the behavior of the main contract, contract performance to offset the purchase price when the contract fails to perform when the deposit shall be returned. Deposit does not occur the problem of sanctions violations, no matter what type of breach, not the loss occurred, and double the return of the deposit. Housing a single appointment appears "booking fee", but also the nature of advance, is a deposit areas.

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