earnest

(redirected from earnest money)
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Related to earnest money: option money, earnest money contract

earnest

Contract law something given, usually a nominal sum of money, to confirm a contract
References in periodicals archive ?
Oakridge is exploring its remedies with respect to First City Realty's failure to make the required deposits, but the Company's current intentions are to pursue the collection of the total $2,000,000 in earnest money deposits that were to be made pursuant to the contract from First City Realty and Mr.
Earnest money performs the following three functions:
2 Cost Of Bid Value And Earnest Money Need Not Be Deposited.
Instructions/Remarks: 1 Bidders Need Not Require To Submit Cost Doucument And Earnest Money Of Tender Condition Cost Of Tender Document And Earnest Money Along With The Bid And That The Same Are Waived.