| deposit |
A sum of cash that must be paid to the vendor by the purchaser. This money is a symbol of the purchaser's commitment to buy. If the offer is accepted, the deposit is applied to the down payment. If the buyer turns down the offer later, the deposit may or may not be returned.
Ãâó: www4.bmo.com/popup/0,4442,35649_57942,00.html
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| deposit |
A sum of money deposited in trust by the purchaser on making an offer to be held by the broker, lawyer or notary until the closing of the sale.
Ãâó: www.brantrealty.com/htdoc/glossary.shtml
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| deposit |
A sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan.
Ãâó: www.home-loan-mortgages.com/glossary.htm
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| deposit |
Money placed in trust by the purchaser when an Offer to Purchase is made. The sum is held by the real estate representative or lawyer until the sale is closed, and then paid to the vendor.
Ãâó: www.ericnauss.com/REAL_ESTATE_TERMS/page_615916.ht...
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| deposition |
The testimony of a witness given outside the court setting and taken in answer to questions based upon a commission to take testimony issued by a judge. The testimony is taken under oath, is written down, and can be used later at a trial. Depositions concerning land boundaries were often taken where the property was located.
Ãâó: www.mdarchives.state.md.us/msa/refserv/html/legal....
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