Earnest money vs option money

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Source: The Manila Times
Published: 2026-08-21 02:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Law & Courts
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Snippet:
I was looking for sample contracts of sale online when I came across the terms “earnest money” and” option money.” What is an earnest money, in contrast to option money? What is the purpose of earnest money?
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