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Exam term

Contract deposit

Money paid under the purchase contract and held by the named escrow holder pending authorized disposition. It ordinarily counts toward the price at closing and is not an extra charge.

Lessons that use this term

  • Contract preparation: data, the mortgage contingency, the down payment, and signing practice New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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