Non Refundable Deposit Receipt
Deposits enable individuals to determine when to contribute or have a purchase and when to avoid as these deposits are usually non-refundable. The term non-refundable is emphasized because if you pay a deposit and then decide not to buy the product or service, the supplier or seller is not bound to return your deposit. This is for some security reason. Buyer pays to the Seller the Deposit, to assure that he will be buying the product or service in future and will not give the loss to the buyer. Upon the execution of this Agreement, Buyer shall pay to Seller through transfer a …