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key money
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noun
advance rent or security required of a new tenant and given in exchange for the key to the house or apartment.
an amount of money paid, often secretly, to a landlord, superintendent, or current tenant by a person desiring future tenancy.
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Origin of key money
First recorded in 1895–1900
Words nearby key money
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use key money in a sentence
This form of currency is developed from what is generally termed "key-money" or "knife-money."
British Dictionary definitions for key money
key money
noun
a fee payment required from a new tenant of a house or flat before he moves in
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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