Related Terms
• advance
deposit
Definition: A reservation of a hotel room that is paid in advance. The payment is generally held until the arrival date or until check-out time the next day. The payment is usually made with a check or credit card. The payment is forfeited by the guest if the reservation is not cancelled in advance.
Also Known As: prepaid reservation
Alternate Spellings: none
Common Misspellings: none
Related Resources:
Online Booking
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