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Deadband is also known as hysteresis and is the amount of a measured variable (pressure, temperature, etc.) between the point where a switch closes and then re-opens. It can be implemented is software if you have an analog input (i.e., open at 1.02 PSI, close at 0.98 PSI) or designed into a switching mechanism. Often the deadband of a switch is fixed and cannot be adjusted. A typical example is in a wall thermostat in your house.
A deadbolt is a locking mechanism that mounts much like a door knob. Most exterior doors are locked with a door knob, and also a deadbolt. The deadbolt bore hole is directly above the door knob hole. When a lever is turned, a solid steel cylinder is inserted deep into the door jamb to securely lock the door.