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Synonyms

earnest money

American  

noun

Law.
  1. money given by a buyer to a seller to bind a contract.


Etymology

Origin of earnest money

First recorded in 1550–60

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“Typically, the immediate consequence is forfeiting the earnest money deposit you put down,” Will McSeveney says.

From MarketWatch • Feb. 12, 2026

That deposit, often called earnest money, is typically 1% to 3% of the home price.

From The Wall Street Journal • Oct. 31, 2025

If the buyer changes their mind for any reason within 14 days, Conner Homes refunds the earnest money and cancels the transaction.

From Seattle Times • Aug. 3, 2022

We put down $2,000 in earnest money, which was everything we had saved up.

From Slate • Jan. 25, 2022

“You and your husband had recently put down earnest money on this land. Is that correct, Mrs. Heine?”

From "Snow Falling on Cedars: A Novel" by David Guterson