cm:Concept: us-gaap:EarnestMoneyDeposits
Earnest Money Deposits |
us-gaap:EarnestMoneyDeposits |
A deposit made by a purchaser of real estate to evidence good faith. It is customary for a buyer to give the seller earnest money at the time a sales contract is signed. The earnest money generally is credited to the down payment at closing, which is applied at closing as a component of payment against the purchase price. |
cm:Concept |
Monetary (xbrli:monetaryItemType) |
As Of (instant) |
Debit |
false |
us-gaap:EarnestMoneyDeposits |