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earnest

earnest

3 7.8
Money given to show you will complete a deal
  • noun
  • /ˈɜrnɪst/
  • Formal
translation icon : arras
  • The buyers provided an earnest deposit to demonstrate their commitment to the property.

Is up then you've got the chance of losing more money, which is your earnest money deposit.

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Examples

  • The offer's this much the earnest money is this the and the offer's written it executed right.

  • We had seven days to turn in the earnest money and on day five we decided to not do it.

  • And if they decide not to close, then they can get their earnest money and due diligence feedback.

  • Expiring the earnest money being refunded to buyer.

  • To secure the purchase of their new home, they submitted the required earnest money as a pledge.

  • Before signing the contract, she made sure to send the earnest money to the seller as part of the agreement.

Synonyms

pledge
vsearnest
  • Specialized
4 4.9

An item given to someone to hold until you pay back a debt

is meant specifically to bind a contract or agreement rather than repay debt
earnest money
vsearnest
  • Specialized
1 7.2

A sum of money a buyer gives the seller to show they plan to buy

is a general contract pledge not limited to purchases or real estate

Idioms

32 4.8

To do something with serious effort and not as a joke

Compounds

earnest money
  • Specialized
1 7.2

A sum of money a buyer gives the seller to show they plan to buy

Surface Forms

earnest singular
earnests plural

Etymology

The noun earnest for a small payment comes from the old English eornost meaning 'seriousness'. People would give a small 'earnest' to show they really meant a deal, so an earnest is a 'pledge' that proves your commitment.