Advertising

Binder

• Refers to the small but important amount of funds which accompany an offer to purchase real estate. This offer is usually written as an agreement to contract for the property. Each state and locality have varying laws about this action. It can be very binding.

 
 Embedded terms in definition
 Contract
Offer
Purchase
Real estate
 
 Referenced Terms
 Earnest money: Is a deposit made towards the purchase of real property. In some locales it is viewed synonymously with the Binder. Other places consider it as an additional deposit towards the purchase. Here, the amount can be quite large. Often it would accompany a signed sales contract prior to the closing or settlement.

<< Binary option Binomial option pricing model >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

You can have anything you want--if you want it badly enough. You can be anything you want to be, do anything you set out to accomplish if you hold to that desire with singleness of purpose. William Adams

Advertising



Copyright 2009-2017 GVC. All rights reserved.