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key money
noun
- advance rent or security required of a new tenant and given in exchange for the key to the house or apartment.
- an amount of money paid, often secretly, to a landlord, superintendent, or current tenant by a person desiring future tenancy.
key money
noun
- a fee payment required from a new tenant of a house or flat before he moves in
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Word History and Origins
Origin of key money1
First recorded in 1895–1900
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Example Sentences
This form of currency is developed from what is generally termed "key-money" or "knife-money."
From Project Gutenberg
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