Deposit

Deposit

Sometimes called "earnest money", this is money offered by a prospective homebuyer to indicate his or her good faith in entering into a sales contract.

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Part of Speech: noun
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Blossary:
Industry/Domain: Real estate
Category: General
Company: Century 21
Product:
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deposit

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Material left in a new position by a natural transporting agent, such as water, wind, ice, or gravity, or by human activity.

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Oil-insoluble materials that result from oxidation and decomposition of lube oil and contamination from external sources and engine blow-by. These can settle out on machine or ...

deposition

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A fact-finding process where one party is asked questions by the other party’s attorney and the entire event is recorded by a transcriptionist. A deposition is admissible as ...

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Education; SAT vocabulary

Testimony legally taken on interrogatories and reduced to writing, for use as evidence in court.

deposition

Law; Legal

Oral questions that must be answered under oath.They take place out of court, often in an attorney's office with a court reporter transcribing the testimony.

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