The difference between deposit and deposit
"Deposit" refers to a certain amount of currency agreed by the parties to be paid by one party to the other party as a guarantee for the creditor's rights. It is a legal guarantee that aims to prompt the debtor to perform its debt and ensure that the creditor's creditor's rights can be realized. When signing a contract, the deposit must be agreed in writing, as well as the amount and delivery period. If the party that pays the deposit fails to perform its debt, it has no right to require the other party to return the deposit; if the party that receives the deposit fails to perform its debt, it must return double the debt to the other party. After the debtor performs its debt, the deposit shall be used as payment or recovered according to the agreement.
In contrast, although "deposit" is not a legal "deposit", it is often used when signing a contract. One word difference means completely different meanings. In the contract, if it says "deposit" and one party breaches the contract, the other party has no right to ask for double the return and can only get the original amount.
Some individuals and companies take advantage of people's lack of legal knowledge to deliberately set traps when signing contracts and write down deposits as "deposits" to evade legal sanctions. To avoid losses, you must be careful when signing a contract with others.