Deposit
Definition
In the context of rental, a (security) deposit is a contractually agreed-upon sum of money that is paid by the customer to the lessor before the start of the rent period. The deposit serves to cover possible damages to the rent object or any contractual failure on the part of the lessee.
In TRASER Rental 365, deposits are processed directly via the rental contract. Rental objects are only delivered after the deposit has been paid. Once a rent object has been returned, the deposit is repaid to the customer in the form of a credit memo. If damages occured to the returned rent object, part of or even the entire deposit amount may be withheld by the lessor.