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Advance payment (zaliczka)

Part of the price paid upfront, before the sale agreement is concluded. If the transaction does not go ahead, the advance payment is, as a rule, refundable — regardless of who was at fault.

An advance payment does not give the parties the same security as an earnest money deposit (zadatek). If someone suffered a loss because the other party backed out, they can claim damages under the general rules.

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These definitions are for information only and describe the law in simplified form — they are not legal, tax or financial advice. Lendean is not a credit intermediary. Always confirm the details in your contract, with a notary or with the bank.

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