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earnest money deposit - A deposit made by the potential home buyer to show that he or she is serious about buying the house. May or may not be refundable back if the buyer does not buy the house. Also check out Mr. Thifty's Guide to Shopping for a MortgageAbout Mr. Thrifty: Mr. Thirfty's goal is to help others make the most out of their financial resources through education, suggestions and humor. If you like what you see, tell your friends about Mr. Thrifty!
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