Earnest Money deposit

14:51 Sep 11, 2020
English to German translations [PRO]
Bus/Financial - Finance (general) / Immobilienkaufvertrag
English term or phrase: Earnest Money deposit
The parties authorize delivery of the Earnest Money deposit to the company conducting the Closing (Closing
Company), if any, at or before Closing.
In the event Earnest Money Holder has agreed to have interest on Earnest
Money deposits transferred to a fund established for the purpose of providing affordable housing to Colorado
residents, Seller and Buyer acknowledge and agree that any interest accruing on the Earnest Money deposited with the Earnest Money Holder in this
Christine Bollmann
Spain
Local time: 10:23


Summary of answers provided
3eine Hinterlegungssumme; UK: Treuhandgeld
Adrian MM.


Discussion entries: 6





  

Answers


7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
US: earnest money deposit UK conveyancing: an earnest / earnest money
eine Hinterlegungssumme; UK: Treuhandgeld


Explanation:
An earnest or earnest money is also used in BrE conveyancing of land and - if not paid at the contract exchange - is paid to the estate agent (US: realtor) as a token of bona fide interest.

Earnest money deposit would be considered a tautology so doppelt-gemoppelt in the UK - or Ireland.


    Reference: http://iate.europa.eu/search/standard/result/1599861428334/1
Adrian MM.
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
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