Definitions for "Binder " Add To Word List
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An outline of the basic terms of a proposed sales contract between a buyer and a seller.
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(See: binding receipt.)
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A receipt for a deposit to secure the right to purchase a home at an agreed terms by a buyer and seller.
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The document relating to a buyer's commitment to purchase a home from a seller, subject to certain terms and conditions. This document normally gives a buyer five working days to consult with a mortgage banker and to apply for a loan.
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A receipt for a deposit paid to secure the right to purchase a home at terms agreed upon by the buyer and seller.
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