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earnest money

Syllabification: ear·nest mon·ey

Definition of earnest money in English:

noun

chiefly US
Money paid to confirm a contract.
Example sentences
  • To me, this program is no different than a real estate escrow account where the agency holds your earnest money.
  • When the stock market started getting a little bit fishy last year, we saw people walk away from significant earnest money, like $70,000, saying they'd come back later.
  • I paid him on your account 8 drachmae as earnest money to catch mice in Toka.

Definition of earnest money in:

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