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earnest money
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English Dictionary: earnest money by the DICT Development Group
2 results for earnest money
From WordNet (r) 3.0 (2006) [wn]:
earnest money
n
  1. money given by a buyer to a seller to bind a contract [syn: earnest money, arles]
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   Earnest \Ear"nest\, n. [Prob. corrupted fr. F. arrhes, L. arra,
      arrha, arrhabo, Gr. 'arrabw`n, of Semitic origin, cf. Heb.
      [emac]r[be]v[omac]n; or perh. fr. W. ernes, akin to Gael.
      earlas, perh. fr. L. arra. Cf. {Arles}, {Earles penny}.]
      1. Something given, or a part paid beforehand, as a pledge;
            pledge; handsel; a token of what is to come.
  
                     Who hath also sealed us, and given the earnest of
                     the Spirit in our hearts.                  --2 Cor. i.
                                                                              22.
  
                     And from his coffers Received the golden earnest of
                     our death.                                          --Shak.
  
      2. (Law) Something of value given by the buyer to the seller,
            by way of token or pledge, to bind the bargain and prove
            the sale. --Kent. Ayliffe. Benjamin.
  
      {Earnest money} (Law), money paid as earnest, to bind a
            bargain or to ratify and prove a sale.
  
      Syn: {Earnest}, {Pledge}.
  
      Usage: These words are here compared as used in their
                  figurative sense. Earnest is not so strong as pledge.
                  An earnest, like first fruits, gives assurance, or at
                  least a high probability, that more is coming of the
                  same kind; a pledge, like money deposited, affords
                  security and ground of reliance for the future.
                  Washington gave earnest of his talent as commander by
                  saving his troops after Braddock's defeat; his
                  fortitude and that of his soldiers during the winter
                  at Valley Forge might rightly be considered a pledge
                  of their ultimate triumph.
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