earnest money

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Related to earnest money: option money, earnest money contract
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  • noun

Synonyms for earnest money

money given by a buyer to a seller to bind a contract


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References in periodicals archive ?
Earnest Money Deposit ( EMD) is indicative of a company's strategy to bid in specific circles and spectrum bands.
The agreement for earnest money must be concluded in written form, irrespective of the amount of the earnest money.
In order to bid on the property, bidders must submit an initial earnest money deposit of 2.
Pursuant to the purchase contract, 3D Systems made an initial earnest money deposit on December 18, 2006, in the amount of $301,440 and is obligated to make an additional earnest money deposit on January 2, 2007, in the amount of $703,360.
Earnest money is an effective and quite often used way to secure the performance of a contract.
Lending institutions realised it late and have offered the earnest money now.