Description

Earnest money is a deposit made to a seller that represents a buyer's good faith to complete a transaction. This money is typically applied to the purchase price of the property and is held in escrow until the transaction is finalized.

Interpreter Notes

Interpreters should be aware that 'depósito' is the most common term used in formal contexts, while 'adelanto' and 'anticipo' may be used colloquially in some regions. It is important to maintain a formal register and avoid using informal language when interpreting this term.

Example Sentences

EN: The buyer submitted earnest money to demonstrate their commitment to purchasing the house.

ES: El comprador presentó un depósito para demostrar su compromiso de adquirir la casa.

Common Interpreter Mistakes

Confusing 'depósito' with 'pago'; using informal terms like 'adelanto' in formal contexts; misinterpreting 'earnest money' as a fee rather than a deposit.