What is Deposit?
Deposit: A deposit is the partial payment that holds a booking; terms state whether it is refundable and when the balance is due.
Where is this term explained in more depth?
- Group travel planning
- Honeymoon planning
- When is the best time to cruise the Caribbean?
- Do I need a travel advisor?
Which terms are related?
- Final payment date: The final payment date is the deadline to pay the full balance of a cruise or tour, after which cancellation penalties usually apply.