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Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
All of E
Earnest Money
A cash deposit or a note given to a seller by a buyer to show that the buyer is committed to buying the property. The deposit will not be refunded to the buyer after the seller accepts the offer, unless one of the sales contract contingencies is not satisfied.
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