What's the difference between deposit and deposit? Which one can be returned?

What's the difference between deposit and deposit? Which one can be returned?

Deposit and security deposit are different in legal meaning, payment amount and refund rules.

What kind of deposit can be refunded depends on the specific situation. If the contract is not established, a deposit dispute occurs, and the party who collects the deposit breaches the contract, the deposit will be returned twice; If the party paying the deposit violates the contract, it shall not demand the return of the deposit. If a deposit dispute arises because the contract is not established, both parties can negotiate a refund. If negotiation fails, it shall be liable for breach of contract in accordance with the contract.

1. Different legal meanings

The deposit has legal effect. During the performance of the contract, if one party breaches the contract, the other party may demand a double refund of the deposit. The deposit has no legal effect. During the performance of the contract, if one party breaches the contract, the other party cannot ask for a double refund of the deposit.

2. The payment amount is different

The deposit amount is usually small, which is generally used to show sincerity and trust, while the deposit amount is usually large, which is generally used to book hotels, air tickets, train tickets and other services.

3. Refund rules are different

If a deposit dispute occurs because the contract is not established, and the party who collects the deposit breaches the contract, the deposit will be returned twice; If the party paying the deposit violates the contract, it shall not demand the return of the deposit. If a deposit dispute arises because the contract is not established, both parties can negotiate a refund. If negotiation fails, it shall be liable for breach of contract in accordance with the contract.