Deposit on a horse is nonrefundable to hold.
What does that mean?
A deposit from the buyer takes the horse off of the market. The deposit shows the buyer's serious intentions.
If for some unforeseen reason buyer, does not want the horse. The buyer can apply the deposit to another horse of choice. No refund will be given.
Payment of the remainder of the purchase price is conditioned upon the outcome of a prepurchase veterinary exam. If the horse does not pass vet check. The money will be refunded or puts toward another horse.