Earnest Money

What is it? Money deposited by a buyer under the terms of a contract, to be forfeited if the buyer defaults but applied to the purchase price if the sale is closed. The cash deposit (including initial and additional deposits) paid by the prospective buyer of real pro

Added By: Angelina

Send To Friends!

If you'd like to send the Earnest Money definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Earnest Money. If you need any more information on this term, please don't hesitate to contact us.