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A deposit-refund system (DRS), also known as deposit-return system, advance deposit fee or deposit-return scheme, is a surcharge on a product when purchased and a rebate when it is returned. A well-known example is when container deposit legislation mandates that a refund is given when reusable packaging is returned.
Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car , Firefly Car Rental and Thrifty Car Rental .
When Hertz first offered the service, consumers were billed only for days that the pass was used, but in February 2009, Hertz changed its policy so that once the customer used the service, the ...
The company was founded in 1965 as a subsidiary of The Hertz Corporation. [9] It was originally named Hertz Equipment Rental Corporation (HERC). It was the second largest equipment rental company as of 1994. [10] Ford Motor Company considered acquiring HERC in 2002 but opted not to. [11]
Hertz has sued its former general counsel and two other top executives to recover over $70 million the company says it paid them in incentive pay and a “golden parachute” severance package ...
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