The Real Estate Encyclopedia
Category - Real Estate Glossary - Real Estate Terminology
1.   The money commonly used with sales contracts and leases that is paid in good faith to assure performance of a contract. If the party who put up the deposit fails to perform, the deposit is forfeited, unless conditions in the contract allow a refund.

2.   Cash given along with an offer to purchase property.
Real Estate Glossary - Real Estate Terminology
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