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Earnest Money

(also called Deposit) Funds given by the buyer and held in an escrow account until the real estate closing. In some cases, these funds are refundable if the loan fails to close, but if the loan does close, the purchaser is given credit at closing for the earnest money.

See also:
  • Earnest Money
  • Easement
  • Eminent Domain
  • Equal Credit Opportunity Act
  • Equity
  • Equity Loan
  • Escrow
  • Eviction
  • Exclusive Agency Listing
  • Extension

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