Deposit

Money given by the buyer with an offer to purchase property. Also called earnest money.

A sum of money that is required to be paid with an offer to purchase as a symbol of the purchaser’s commitment.

Related Terms:

1. The Residential Real Estate Buying Process in Austin Texas
2. Guide To How California Real Estate Fees Are Typically Divided
3. Binder
4. Certificate Of Deposit (CD)
5. Credit