Financial definitions: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
English | Spanish

Type in up to 3 stock symbols separated by commas. Ex: IMB, APPL, MSFT

Buzz Words > Earnest Money

A deposit made to a seller showing the buyer's good faith in a transaction. Often used in real estate transactions, earnest money allows the buyer additional time when seeking financing. Earnest money is typically held jointly by the seller and buyer in a trust or escrow account.