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Lexiel/Glossary/Earnest money / Deposit
Legal definition
Civil law

Earnest money / Deposit

Amount given as a signal when entering a contract (usually sale). Penitential earnest money (Art. 1454 CC) allows withdrawal: buyer loses the deposit, seller returns double.

Art. 1454 CC

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Earnest money / Deposit: Legal definition | Lexiel Glossary