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Definitions from WordNet | ||||
Definitions from the WebTerm: Earnest MoneyPart of Speech: Noun Sense: 1 Description: Earnest money, also known as a good faith deposit, is a sum of money paid in advance by a buyer to demonstrate sincerity and commitment in a real estate transaction. It serves as a guarantee that the buyer will follow through with the purchase, and if not, the seller may be entitled to keep the funds. Sample Sentence: Before finalizing the sale, the interested buyer handed over a significant amount of earnest money to the seller. Sense: 2 Description: In a broader context, earnest money can also refer to a comparable monetary deposit made in various other business transactions to show a serious intent to proceed with a deal or contract. Sample Sentence: The winning bidder presented a substantial amount of earnest money as a sign of real interest in acquiring the company. Related products on Amazon: | ||||
earn earned earned run earned surplus earner earners earnest earnest earnest money earnestly earnestness earnesty earning earning earning per share earnings earnings before interest taxes depreciation and amortization
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