earnest money definition

  • noun:
    • cash paid as a deposit to exhibit intention to buy or even to reserve a product become bought; specially, cash associated an offer to get property.
    • money paid as earnest, to bind a bargain or to ratify and prove a-sale.
    • cash compensated as earnest to bind a bargain or ratify and verify a sale. Also known as hand-money.
    • money distributed by a buyer to a seller to bind a contract

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  • Synonym for "earnest money"
  • Hypernym for "earnest money"
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