EARNEST

The payment of a part of the price of goods sold, or the delivery of part of such goods, for the purpose of binding the contract. · Howe v. Hayward, 108 Ma . 54, 11 Am. Rep. 306. A token or pledge pa ing between the parties, by way of evidence, or ratification of the sale. 2 Kent, Comm. 495, note. [s. 414]