Definition of "Front-end money"

Pon  Winstead real estate agent
Pon Winstead, Real Estate Agent Berkshire Hathaway HomeServices Carolina Premier Properties

Amount of money that must be charged or invested in the initial stage of a business transaction to demonstrate good faith as well as to help offset some expenses. For example, the customary 10% deposit on the initiation of an agreement of sale is a form of front-end money required to initiate the contract.

 

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