{"iri":"https://lexicon.financial/ext/EarnestMoneyDeposit","label":"Earnest Money Deposit","definition":"A refundable (usually) deposit a buyer wires to a neutral escrow at LOI signing, demonstrating commitment to the transaction. Typically 1-5% of the purchase price on main-street deals. Forfeited if the buyer walks outside of diligence-contingency carveouts; returned if a legitimate contingency fails.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}