down payment; earnest money; deposit
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesnoun
down payment; earnest money; security deposit
formalA specific legal term in contract law. It serves two primary functions: 1) As a guarantee (if the payer defaults, they forfeit the deposit; if the payee defaults, they must return double the amount). 2) As proof of the contract's establishment. It is different from 订金 (dìng jīn), which generally refers to a non-binding advance payment or booking deposit.
Mǎi买
fāng方
zhī支
fù付
le了
bǎi1
fēn0
zhī%
shí的
de定
dìng金
jīn以
yǐ确
què保
bǎo交
jiāo易
。
The buyer paid a 10% down payment to secure the transaction.
Gēn根
jù据
fǎ法
lǜ律
，
rú如
guǒ果
mài卖
fāng方
wéi违
yuē约
，
xū需
yào要
shuāng双
bèi倍
fǎn返
huán还
dìng定
jīn金
。
According to the law, if the seller breaches the contract, they must return twice the amount of the earnest money.
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Qiān签
zū租
fáng房
hé合
tong同
qián前
，
wǒ我
men们
jiāo交
le了
xiāng相
dāng当
yú于
yī一
gè个
yuè月
fáng房
zū租
de的
dìng定
jīn金
。
Before signing the rental contract, we paid a security deposit equal to one month's rent.
Zhè这
bǐ笔
dìng定
jīn金
bù不
néng能
tuì退
。
This deposit is non-refundable.