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 also: pledge, security

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earnest money pledge			It was my understanding that Arkansas Imaging was going to make payments, down payments, earnest payments, purchase equipment for Good Faith Medical Facility," Roberts said. Indictments expected in 'Good Faith' debacle by Haman, John / Arkansas Business Rockwell has completed an earnest payment of US$40,000 to Altoro Gold Corp. $2.2 Million Funding Kick-Starts Development of Brazil Platinum ... by Business Wire			eagerly eagerness eagerness to act quickly Eagle Ear-witness Earl Earl Warren Legal Training Program Earldom earlier earliest earliest stage early early stage earmark earmarked earn earn out earned earned income earnest earnest averment earnest avowal earnest declaration earnest entreaty earnest money earnest payment earnest pledge earnest request earnest seeking earnestly earnestness earnings earshot earthly earthly possessions earthquake earthshaking earthy earwitness ease ease of movement ease the burden easeful easement Easements easily easily accessible easily affected easily bent easily duped easily excited			Earned-income tax credit Earned-run average Earned-Value Feedback Control earner earner earner earner earner earners earnest earnest earnest earnest earnest earnest averment earnest avowal Earnest bevin Earnest bevin earnest declaration earnest entreaty Earnest Hemmingway earnest money earnest money earnest money earnest money earnest money Earnest Money Bank Guarantee earnest money contract Earnest money deposit Earnest money deposit earnest payment Earnest penny earnest pledge Earnest Pruett Center of Technology earnest request Earnest Rutherford Earnest Rutherford earnest seeking Earnestful earnestly earnestly earnestly earnestness earnestness earnestness earnests earnests earnests Earnful Earnhardt, Dale earning earning earning earning earning earning Earning a Living earning an honest penny earning an honest penny Earning asset Earning Assets

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