earnest money

Definition of "earnest money"
  1. A sum of money given as a sign of seriousness or good faith for a contractual agreement
How to use "earnest money" in a sentence
  1. The buyer provided earnest money to the seller to show commitment to buy the house.
  2. She forfeited her earnest money when she decided not to proceed with the purchase.
  3. The contract specified the amount of earnest money required.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z