Terms Beginning With 'e'

Earnest money

  • January 02, 2020
  • Team Kalkine

Earnest money or good faith money is an amount deposited by a buyer to the seller concerning any major transactions such as real estate dealing or any other such transaction. The earnest money provides the buyer of an asset to secure additional time for other functions such as to secure additional fund to complete the transaction.

x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK