Definition of "Deposit"
Also called earnest money. Money deposited with an individual for security for the performance so some contract. This is intended to show his/her willingness to follow through with the purchase agreement. Deposit or earnest money can be forfeited if the depositor defaults on the terms of the contract.
Popular Real Estate Terms
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Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
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Expected market value of property if sold today. ...
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