definition

Earnest Money Definition

What Is Earnest Money?

Earnest money is a deposit made to a seller that represents a buyer’s good faith to buy a home. The money gives the buyer extra time to get financing and conduct the title search, property appraisal, and inspections before closing. In many ways, earnest money can be considered a deposit on a home, an escrow deposit, or good faith money.

Understanding Earnest Money

In most cases, earnest money is delivered when the sales contract or purchase agreement is signed, but it can also be attached to the offer. Once deposited, the funds are typically held in an escrow account until closing, at which time the deposit is applied to the buyer’s down payment and closing costs.

Key Takeaways

  • Earnest money is essentially a deposit a seller makes on a home they want to purchase.
  • A contract is written up during the exchange of the earnest money
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What is money? definition and meaning


Keeping Score


“Money is just what we use to keep score.”


– Henry Ford


The Most Important Thing in Life Never Changes


“When I was young I used to think that money was the most important thing in life. Now that I am old, I know it is.”


– Oscar Wilde


Making Money in a Day


“I know of nothing more despicable and pathetic than a man who devotes all the hours of the waking day to the making of money for money’s sake.”


– John D. Rockefeller


A Proverb on Money and Truth


“A single bag of money is stronger than two bags of truth.”


– Danish Proverb


The Opposite of Weather


“Money is the opposite of the weather. Nobody talks about it, but everybody does something about it.”


– Rebecca Johnson


Money

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Money Definition

What Is Money?

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction cost, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat moneys, money substitutes and fiduciary media, and electronic cryptocurrencies. 

Understanding Money

Money is commonly referred to as currency. Economically, each government has its own money system. Cryptocurrencies are also being developed for financing and international exchange across the world.

Money is a liquid asset used in the settlement of transactions. It functions based on the general acceptance of its value within a governmental economy and internationally through foreign exchange. The current value of monetary currency is not necessarily derived from

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Personal space | definition of personal space by Medical dictionary

Is the concept of ‘personal space‘ different in each culture?
The fact that the participants’ systolic blood pressure values were higher when they were measured by the male nursing student suggested that the participants, under the influence of cultural norms of personal space and gender, found it normal when they were approached by the female nursing student but viewed the same approach by the male nursing student as an attack on their personal space.1,9,14,15 Moreover, some women acknowledged that it is a sin for women to be approached by unknown men in Islam.10
Which is why, in the doctor’s surgery, I reinforced my personal space with a newspaper.
Conversely, if you model your personal space on someone else’s, you are betraying your own history.
The most common scenario where this personal space is invaded is when you are in a queue.
Evolve maximizes the space inside our
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Personnel Management – Definition, Functions, PPT

Personnel management can be defined as obtaining, using and maintaining a satisfied workforce. It is a significant part of management concerned with employees at work and with their relationship within the organization.

According to Flippo, “Personnel management is the planning, organizing, compensation, integration and maintainance of people for the purpose of contributing to organizational, individual and societal goals.”

According to Brech, “Personnel Management is that part which is primarily concerned with human resource of organization.”

Nature of Personnel Management

  1. Personnel management includes the function of employment, development and compensation- These functions are performed primarily by the personnel management in consultation with other departments.
  2. Personnel management is an extension to general management. It is concerned with promoting and stimulating competent work force to make their fullest contribution to the concern.
  3. Personnel management exist to advice and assist the line managers in personnel matters. Therefore, personnel department is a staff department of
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Insurance legal definition of insurance

Insurance

A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.

The normal activities of daily life carry the risk of enormous financial loss. Many persons are willing to pay a small amount for protection against certain risks because that protection provides valuable peace of mind. The term insurance describes any measure taken for protection against risks. When insurance takes the form of a contract in an insurance policy, it is subject to requirements in statutes, Administrative Agency regulations, and court decisions.

In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a

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Insurance financial definition of insurance


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Insurance

Guarding against property loss or damage by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.

Insurance

A contract between a client and a provider whereby the client makes monthly payments, called premiums, in exchange for the promise that the provider will pay for certain expenses. For example, if one purchases health insurance, the provider will pay for (some of) the client’s medical bills, if any. Likewise in life insurance, the provider will give the client’s family a certain amount of money when the client dies. The insurance company spreads the risk of any one expense by pooling the premiums from many clients. See also: Takaful.

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft

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definition of insurance by The Free Dictionary

AN Insurance Agent was trying to induce a Hard Man to Deal With to take out a policy on his house.
INSURANCE AGENT: My dear sir, that is a fine house — pray let me
Didn’t you once say that whatever ship Ahab sails in, that ship should pay something extra on its insurance policy, just as though it were loaded with powder barrels aft and boxes of lucifers forward?
The Manufacturer, seeing that he could get no labour for a long time and finding the times pretty hard anyhow, burned down his shoe factory for the insurance, and when the strikers wanted to resume work there was no work to resume.
Out of fear for the welfare of their families, men devised the scheme of insurance. To us, in this intelligent age, such a device is laughably absurd and primitive.
What was there to prevent her from
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