bn:00005700n
Noun Concept
Categories: Common law legal terms, Real estate stubs, Property law legal terminology, Payment systems
EN
earnest money  arles  earnest payment  Argentum Dei  Arles penny
EN
Money given by a buyer to a seller to bind a contract WordNet 3.0
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EN
An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction. Wikipedia
kind of commitment fee Wikidata
Money paid as a deposit to show intent to buy or to reserve an item to be purchased; especially, money accompanying an offer to buy real estate. Wiktionary
IS A
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