Explain Earnest Money Deposit & Security Deposit.

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written 9.5 years ago by

teamques10 ★ 70k

• modified 6.2 years ago

Earnest Money Deposit:

Earnest money is assurance or guarantee in the form of cash on the part of the contractor to keep open the offer for consideration and to confirm his intentions to take up the work accepted in his favour for execution as per terms and conditions in the …

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