key money Hear it!

key money definition

key money

money paid covertly, and usually illegally, by a prospective tenant, as to a landlord, to increase the likelihood of being able to lease an apartment in an area where housing is scarce

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.