option money

noun

1. commerce the price paid for buying an option

Example Sentences

In some states, buyers may offer direct incentives to sellers outside of the purchase price, sometimes called “option” money, said Maura Neill, an agent with Re/Max Around Atlanta.

From New York Times

In Barlow’s mythic memoir, he claims his option money was $5,000.

From Salon

In Barlow’s mythic memoir, he claims his option money was $5,000.

From Salon

The option money amount can be fairly small, but I use the extra time to research the property and seek the approvals I need to develop the land.

From Forbes

He returned home the next morning, and his option money was refunded.

From Seattle Times