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Is the deposit an advance payment?
Legal subjectivity:

Advance payment is generally written as deposit, because deposit is the guarantee of creditor's rights, and advance payment is the first performance of some obligations in the contract, which is different in nature. The deposit is generally an advance payment in the transaction, and can be returned when the contract cannot be signed. According to Article 586 of the Civil Code, the parties may agree that one party shall pay a deposit to the other party as a guarantee for the creditor's rights. The deposit contract is established when the deposit is actually paid. The amount of the deposit shall be agreed by the parties; However, it shall not exceed 20% of the subject matter of the main contract, and the excess shall not have the effect of deposit. If the actual amount of deposit paid is more than or less than the agreed amount, it shall be deemed as a change of the agreed amount of deposit.

Legal objectivity:

In Article 586 of the Civil Code, the parties may agree that one party shall pay a deposit to the other party as a guarantee for the creditor's rights. The deposit contract is established when the deposit is actually paid. The amount of the deposit shall be agreed by the parties; However, it shall not exceed 20% of the subject matter of the main contract, and the excess shall not have the effect of deposit. If the actual amount of deposit paid is more than or less than the agreed amount, it shall be deemed as a change of the agreed amount of deposit.