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.
What Does 🔑 Key Emoji Mean?Not to be confused with the old key emoji ... the key emoji depicts a single key, and it's presented in varying shades of brass and silver on various platforms.
Origin of key money
First recorded in 1895–1900
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Examples from the Web for key money
This form of currency is developed from what is generally termed "key-money" or "knife-money."
British Dictionary definitions for key money
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 Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012