A pledge given as a guarantee or as an advance payment in a contract, especially in the sale and purchase of homes. The objective is to provide evidence of the real interest in carrying out the transaction, with the down payment being a guarantee while other aspects of the purchase, such as financing or other procedures that may require time before signing before a notary, are formalized. If either party cancels the sale and purchase after signing a down payment contract, they will have to pay an economic penalty to the other party.
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