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advance deposit
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 Related Terms
• guaranteed reservation
 
 

Definition: Money paid, usually by check or credit card, by a guest before arriving at the hotel. The amount is generally equal to one night's lodging fees. The purpose of the advance deposit is to guarantee a reservation. The full amount is applied to the guest's bill upon check-out.

Also Known As: deposit; guarantee

Alternate Spellings: none

Common Misspellings: none

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