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earnest money
ear·nest mo·ney


noun 
Definition:
 
down payment: a deposit, usually not refundable, that a buyer puts down to show that they are serious about buying something, e.g. a property
n
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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