earnest money
Noun
Meaning
money given by a buyer to a seller to bind a contract
Source: WordNetAlternative names
earnest-money
Synonyms
Antonyms
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Examples
My client wrote a beautiful offer that escalated 26% over list price, waived all contingencies, released earnest money early, and was all cash.
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.
The traders asked the excise department to return part of the earnest money amounting to Rs 58 crore.
Your earnest money will be deposited into an account or held by the listing agent.