earnest-money
Buyer's commitment funds
Earnest money is a deposit made to demonstrate serious intent to complete a transaction, especially in real estate.
A buyer puts down earnest money when making an offer on a house; if the sale goes through, it applies toward the purchase price.
If the buyer backs out without cause, the seller typically keeps it.
We put down five thousand in earnest money.
Initial payment toward purchase
- escrowConditional third-party deposit
- binderDevice securing loose pages
- good-faithHonest and sincere intent
- advanceMove or progress forward
payment · consideration · stake · forfeiture · refundable · nonrefundable · amount · percentage
Enforceable written agreement
- offerProposal to provide
- purchaseGoods obtained for payment
- buyerOne who acquires things
- sellerOne who trades goods
agreement · sale · negotiation · terms · acceptance · contingency · closing · binding
Binding promise given
- sincerityHonest, unfeigned genuineness
- seriousnessEarnest, weighty demeanor
- good-faithHonest and sincere intent
- assuranceFirm promise or certainty
intention · obligation · demonstration · gesture · proof · security
Property and land
- propertySomething owned or inherent
- titleFormal honorific or name
- deedWritten property conveyance
- brokerTransaction intermediary for hire
agent · listing · appraisal · mortgage · inspection · residential · commercial · land
downpayment
Initial payment toward purchase
- escrowConditional third-party deposit
- binderDevice securing loose pages
- good-faithHonest and sincere intent
advance · payment · consideration · stake · forfeiture · refundable · nonrefundable · amount · percentage · check
contract
Enforceable written agreement
seller · agreement · sale · negotiation · terms · acceptance · contingency · closing · binding · counteroffer
pledge
Binding promise given
- sincerityHonest, unfeigned genuineness
- seriousnessEarnest, weighty demeanor
- good-faithHonest and sincere intent
assurance · intention · obligation · demonstration · gesture · proof · security
real-estate
Property and land
broker · agent · listing · appraisal · mortgage · inspection · residential · commercial · land
earnest-moneyforfeiture
Loss due to breach
refund · deposit return · contract breach · withdrawal · backing out
earnest-moneyfinal payment
Last sum owed
balance due · down payment · closing costs · balloon payment · mortgage payment