Booking amount is a deposit made to a seller showing the buyer's good faith in a transaction. Often used in real estate transactions, it allows the buyer additional time when seeking financing.

Also known as Token, it is typically held jointly by the seller and buyer in a trust or escrow account.

Booking amount is the cash offered to the seller to convince them that you are committed to purchasing their home. A down payment is the amount of money the buyer must produce for the lender to approve the loan on the home. The booking amount is a promise to the home seller, and a down payment is a promise to the lender.