Learn more about this word
계약금
계약금 is the money paid to lock in a rental agreement, usually around ten percent of the deposit. It is normally lost if you back out.
Examples in context
오늘 계약금을 보냈어요.
I sent the down payment today.
계약금은 돌려받을 수 없어요.
The down payment is not refundable.
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