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key money

noun

  1. advance rent or security required of a new tenant and given in exchange for the key to the house or apartment.
  2. an amount of money paid, often secretly, to a landlord, superintendent, or current tenant by a person desiring future tenancy.


key money

noun

  1. a fee payment required from a new tenant of a house or flat before he moves in
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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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."

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