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 ?
Vodafone India has submitted an earnest money deposit of ` 2,740 crore, Idea Cellular ` 2,000 crore and Bharti Airtel ` 1,980 crore.
Never previously did any bidder turn up and deposited earnest money as done by CHL which deposited Rs25m as Earnest Money.
At this point it is important to discuss similarities and differences between earnest money and advance payment.