Meaning of “key money” in the English Dictionary


(Definition of “key money” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"key money" in Business English

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key moneynoun [ U ]

uk us

PROPERTY a payment that the owner of a house, etc. gets from the person who is going to rent it:

In some agreements, the key money functions as a type of deposit.

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