Business Studies, asked by Ranadhir2071, 1 year ago

Deposits made to a seller indicating the buyers good faith in an arrangement is called

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Answered by alia1856
3
hiii dear..

here is your answer.....

Earnest money is a deposit made to a seller indicating the buyer's good faith in an arrangement. ... Earnest money is typically held jointly by the seller andbuyer in a trust or escrow account. Earnest money is also known as agood faith money....

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