earnest

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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Higher earnest money is only one indicator that buyers are willing to pay more for a solar-powered home.
58 Satellite TV Channels licences were issued through open, fair and transparent bidding and successful bidders were required to deposit the balance amount of earnest money of their offered bid within 15 working days.
Vodafone India has submitted an earnest money deposit of ` 2,740 crore, Idea Cellular ` 2,000 crore and Bharti Airtel ` 1,980 crore.
Instead the government retained earnest money of Rs25 million and also the entity.
At this point it is important to discuss similarities and differences between earnest money and advance payment.