Business / Real Estate / Deposit: Money offered by a prospective buyer as an indication of good faith in entering into a contract to purchase, earnest money, security for the buyers performance of a contract. An earnest money deposit is not necessary to create a valid purchase contract because the mutual promises of the parties to buy and to sell are sufficient consideration to enforce the contract. If the buyer completes the purchase, the deposit money is applied toward the purchase price.
Deposit Noun Synonyms: precipitate, sediment, silt, alluvium, dregs, lees, accumulation, deposition
Deposit Adjective Synonyms: place, leave, set or put or lay (down), drop, plunk down
Deposit Verb Synonyms: entrust, leave, lodge, consign, keep, place, put, store, save, set aside, bank, lay or put away, pay in, stash away
Business / Finance / Security Deposit (Initial): Synonymous with the term margin. A cash amount that must be deposited with the broker for each contract as a guarantee of fulfillment of the futures contract. It is not considered as part payment or p MORE
Life Style / Time Shares / Deposit Window: The 24 month time frame within which timeshare owners are eligible to deposit their vacation week in the exchange pool. MORE