Meaning of “application money” in the English Dictionary

business-english dictionary

"application money" in Business English

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application moneynoun [ U ]

uk us

STOCK MARKET, FINANCE money that someone pays when they apply to buy new shares. The amount is usually less than the full value of the shares and they pay the rest when they receive the shares.

(Definition of “application money” from the Cambridge Business English Dictionary © Cambridge University Press)