手付金(てつけきん)

てつけきん
noun
deposit; down payment securing a contract
businessfinance
1. deposit; earnest money securing a contract
Money paid by the buyer when a contract is concluded, confirming the agreement before the full price is paid. Common in real estate and large purchases; the buyer typically forfeits it if they back out, while the seller may owe double if they cancel.
契約時(けいやくじ)に手付金(てつけきん)を払(はら)った。
I paid a deposit when signing the contract.
A deposit of ten percent of the property price is the going rate.
買(か)い主(ぬし)の都合(つごう)で解約(かいやく)すると、手付金(てつけきん)は返(かえ)ってこない。
If the buyer cancels for their own reasons, the deposit is not refunded.

Compound of 手付(てつけ) (earnest, deposit) + 金(きん) (money). Most often encountered in real-estate transactions.

Common collocations

Similar words

  • 頭金(あたまきん): down payment — the first installment toward the price; reduces the balance owed
  • 内金(うちきん): part payment — money applied to the price, without the contract-securing function of 手付金(てつけきん)