key money

noun

Definition of key money

1 British : a payment required of a tenant especially of an apartment on taking possession of the key
2 : a bribe paid by a prospective tenant in order to obtain housing the key money for an average studio in Paris is in the neighborhood of one thousand dollars— Paul Bowles

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Cite this Entry

“Key money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/key%20money. Accessed 2 Aug. 2021.

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