earnest money

noun Law.
money given by a buyer to a seller to bind a contract.

Origin:
1550–60

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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WordNet
earnest money

noun
money given by a buyer to a seller to bind a contract 
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
00:10
Earnest money is always a great word to know.
So is interrobang. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
Example sentences
The earnest money deposit must be paid immediately following the sale of the
  property.
Realtors preparing deeds, contracts, mortgages and earnest money agreements are
  practicing law.
The earnest money shall be applied to the purchase price.
In addition, the earnest money deposit may be forfeited should the transaction
  not close.
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