Earnest Money Definition
noun
Money paid as partial payment of a purchase price in order to establish a binding contract of sale.
American Heritage
A down payment, typically for real estate, that demonstrates the prospective purchaser’s intent to proceed with the transaction.
Webster's New World Law
Synonyms:
- arles
Other Word Forms of Earnest Money
Noun
Singular:
earnest money
Plural:
earnest moneys
Earnest Money Is Also Mentioned In
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