Discover!
Explore!
Learn...
Studyworld.com
|
|
Novelguide.com is the premier free source for literary analysis on the web. We provide an
educational supplement for better understanding of classic and contemporary Literature Profiles,
Metaphor Analysis, Theme Analyses, and Author Biographies. |

EARNEST MONEY
A sum of money paid by a buyer at the time of entering a contract to indicate the intention and ability of the buyer to carry out the contract. Normally such earnest money is applied against the purchase price. Often the contract provides for FORFEITURE of this sum if the buyer defaults. A deposit of part payment of purchase price on sale to be consummated in future.
Earnest Money
© 2005 Thomson Gale, a part of The Thomson Corporation.
|

|





Oakwood Publishing Company:
SAT; ACT; GRE
Study Material
|