Definitions for "DEPOSIT RECEIPT"
A contract used in the he real estate business that includes the terms of the contract and acts as a receipt for "earnest money" to bind an offer for property by the prospective purchaser. The name given to most real estate contracts containing the terms of the sale of real estate, and receipt for earnest money (deposited). Back to the Top
A receipt given in respect of a general average deposit payment.
Used when accepting “Earnest Money” to bind an offer for property by a prospective purchase; also includes the terms of a contract.