Deposit

Definition

A deposit is an advance payment made by the client to secure a booking date. Typically 25–50% of the total fee, paid on contract signing.

Context & Usage

Deposits serve two purposes: they commit the client financially (reducing cancellations) and they compensate the artist for holding the date exclusively. Standard terms: the deposit is non-refundable if the client cancels within 30 days of the event. The remaining balance is due on or before the event. Always specify deposit terms clearly in the contract.

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