Deposit Dropdown Contract For Free

In summary, a deposit is security for the buyer's performance of the contract. It is generally not refundable unless the contract expressly states otherwise. In contrast, a part-payment is refundable, subject to any losses that the innocent party may have as a result of the breach.

A deposit is a sum of money which is part of the full price of something, and which you pay when you agree to buy it. The initial deposit required to open an account is a minimum 100 dollars.

Percentage ? this is when you would like to have a percentage of your check go into one account or possibly into multiple! You can do a small amount like 5% or a large amount like 75%. Fixed ? this is when you would like to have a certain FIXED amount of money be deposited into your account on pay day.

Liquidated Contract means a Contract that has been the subject of a Prepayment in full or otherwise has been paid in full or, in the case of a Charged-off Contract, a Contract as to which the Servicer has determined that the final amounts in respect thereof have been paid.

In conclusion, the down payment represents the portion of the purchase price which is paid in cash. The term contract deposit refers to the specific amount which is paid at the time of contract signing.

A deposit is an amount of money given to the contractor in order to begin the project. Contractors usually use deposited funds to start purchasing materials and to pay for their labor costs as work ramps up.

(1) Damages for breach by either party may be liquidated in the agreementbut only at an amount which is reasonable in the light of the anticipated or actual harm caused by the breach, the difficulties of proof of loss, and the inconvenience or nonfeasibility of otherwise obtaining an adequate remedy.

Deposit means bailment of goods or property to another who promises to keep it or use it and return it in kind. For example, the act of placing money in a bank for security purpose and convenience. The money or property so given is also known as the deposit.

A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. The amount of the liquidated damages is supposed to be the parties' best estimate at the time they sign the contract of the damages that would be caused by a breach.

Deposit Method means the frequency at which Deposits can be made by a Subscriber over the Term of an Agreement and is limited to single, annual, semi-annual, quarterly or monthly Deposits.