What does advance deposit mean?

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Multiple Choice

What does advance deposit mean?

Explanation:
An advance deposit is a single, advance payment made to secure a reservation before arrival. It’s typically equal to one night’s room rate and is credited toward the guest’s bill at checkout. This protects the property from holds and last-minute cancellations while confirming the booking. It’s different from paying for the entire stay upfront, which would be full prepayment rather than a deposit. A corporate account is a billing arrangement with a company, not a deposit for an individual stay, and presenting a credit card is a method to guarantee or pay, not the deposit itself.

An advance deposit is a single, advance payment made to secure a reservation before arrival. It’s typically equal to one night’s room rate and is credited toward the guest’s bill at checkout. This protects the property from holds and last-minute cancellations while confirming the booking. It’s different from paying for the entire stay upfront, which would be full prepayment rather than a deposit. A corporate account is a billing arrangement with a company, not a deposit for an individual stay, and presenting a credit card is a method to guarantee or pay, not the deposit itself.

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