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Glossary of Terms > E > Earnest Money Deposit (EMD)

Earnest Money Deposit (EMD)

A deposit made by the potential home buyer to show that he is serious about buying the property. It is then placed in escrow until the contract is either cancelled or signed by both parties.

E Terms

Earnest Money Deposit (EMD)

Effective Rate

Equity

Escrow

Examination of Title