earnest payment

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earnest payment

n. a deposit paid to demonstrate commitment and to bind a contract, with the remainder due at a particular time. If the contract is breached by failure to pay, then the earnest payment is kept by the recipient as pre-determined (liquidated) or committed damages.

See: pledge, security
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Upon receiving secret information regarding suspicious luggage found in Arrha road in the jurisdiction of Gomal university police station, Police and incharge bomb squad reached on the site.
Podian pasar varios anos antes de dar el segundo paso, la desposatio que era cuando el padre de la novia recibia los titulos de la dote junto con un regalo, o arrha, en senal de que el acuerdo quedaba sellado.
Other confirmed travelers included League of Southeastern Credit Unions President/CEO Patrick LaPine, California and Nevada Credit Union League President/CEO Diana Dykstra, Michael Ostrowski, president/CEO of the $121 million Arrha Credit Union in Springfield, Mass.