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Earnest Money
A deposit made by a buyer to demonstrate commitment to a purchase agreement, often used in real estate transactions.
Serious Offer
An offer made in earnest, usually in a contractual context, implying a genuine intent to enter into an agreement.
Contractual
Pertaining to or involving agreements between two or more parties that are binding and enforceable by law.
Tenancy By The Entirety
A form of joint property ownership that is available only to married couples, where each owns an undivided interest in the property, and upon death, the surviving spouse gains full ownership.
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