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2. Earnest payment - Wikipedia

   en.wikipedia.org/wiki/Earnest_payment

   An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction. [1]

3. Obligatio consensu - Wikipedia

   en.wikipedia.org/wiki/Obligatio_consensu

   The earnest money was considered only as evidence of the contract. There must be a price fixed and certain for every sale, and this price must consist of a sum of money. A sale of a thing at a price to be fixed by a third person is valid if the person does fix a price. The price must be in money otherwise the contract is one of permutatio.

4. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   Although money is the most common consideration, it is not a required element to have a valid real estate contract. An earnest money deposit from the buyer(s) customarily accompanies an offer to buy real estate and the deposit is held by a third party, like a title company, attorney or sometimes the seller. The amount, a small fraction of the ...

5. What Is Earnest Money? - AOL

   www.aol.com/news/earnest-money-134502821.html

   Earnest money is a "good faith" deposit the homebuyer provides with an offer, to show the seller an intent to follow through on a home purchase. The funds are typically held in an escrow account ...

6. Real estate transaction - Wikipedia

   en.wikipedia.org/wiki/Real_estate_transaction

   Upon acceptance of the sales contract, the buyer opens an escrow. An escrow commonly includes a signed agreement between the two parties plus an earnest money payment check which accompanies the offer, [15] and which is generally not deposited until all parties are in agreement. The escrow deposited then leads the seller to more property ...

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