Bon

Bon, in financial contexts, refers to the legal document or agreement issued when a buyer deposits earnest money to show serious intent to purchase a property. It often signifies a commitment to proceed with the transaction, subject to specific conditions. Think of it as a formal promise that both parties agree to, ensuring the buyer’s intention to buy and providing some security for the seller. The Bon can outline the terms, deadlines, and requirements, helping to protect both parties’ interests during the real estate process.