Noun
money given by a buyer to a seller to bind a contract
Source: WordNetearnest-money
My client wrote a beautiful offer that escalated 26% over list price, waived all contingencies, released earnest money early, and was all cash. Source: Internet
The bid will officially be awarded at the next meeting, Nov. 17, and the group has 10 days to put up the 2 percent earnest money, which is non-refundable. Source: Internet
The traders asked the excise department to return part of the earnest money amounting to Rs 58 crore. Source: Internet
Your earnest money will be deposited into an account or held by the listing agent. Source: Internet