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A deposit receipt is an acknowledgment that funds have been received for goods or services. A deposit acts either as a downpayment or as a refundable amount for the use of goods.
If acting as a downpayment, the full amount must be paid by a certain date or the deposit will be kept by the payee
- Boat Deposit
- Car Downpayment
- Cat (kitten) Deposit
- Dog (puppy) Deposit
- Earnest Money Deposit
- Key Deposit
- Photography Deposit
- Security Deposit
Downpayment vs Deposit
Downpayment – An initial payment for goods or services with the remaining balance to be paid at a later date.
Deposit – An upfront fee for access to goods or services and refunded if returned in the same condition.