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Deposit (2)
DEPOSIT (2)

Definition: A sum of money that is paid by somebody when they rent something and that is returned to them if they do not lose or damage the thing they are renting.
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* All six elements should be in.


1. Purposeful and necessary.

2. Amount is as agreed to in contract or as negotiated.

3. Money is paid with genuine currency. Or cheque is cleared on being lodged into payee's account. (And money that is received, on return of items, is also genuine and real.)

4. Sum is not so much that it can lead to bankruptcy if a loss or damage occurs and money is not claimed back.

5. Item rented was fully possessed during the period that intended usage was paid for, whether thing is used or not.

6. Money paid will be received or refunded on time and completely, when rented items are returned. That is, no loss or damage occurs.
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See perfect PAWNBROKER.

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