rouwkoop, noun

/ˈrəʊkʊəp/
Forms:
Also roukoop.
Origin:
Dutch, AfrikaansShow more Dutch rouw (Afrikaans rou) regret, mourning + koop purchase.
Law
Money which, having been paid as a deposit, is forfeited if a sale falls through; money paid as compensation for a broken contract.
1934 C.P. Swart Supplement to Pettman. 147Rouwkoop,..Forfeit money.
1960 J.J.L. Sisson S. Afr. Judicial Dict. 703Rouwkoop, May sometimes mean ‘something given to break the bargain’.
1961 C.I. Belcher Norman’s Law of Purchase & Sale in S. Afr. 354Where a sum..given as a deposit in part payment of the purchase price can be clearly proved, in terms of the requirements laid down in the authorities, to be arrha, roukoop or earnest, it is forfeited to the vendor if the sale falls through due to default on the part of the purchaser and forms a portion of the purchase price if the sale goes through.
1977 Sunday Times 30 Oct. 1On these grounds he could have made a claim of roukoop (forfeit of the deposit).
Money which, having been paid as a deposit, is forfeited if a sale falls through; money paid as compensation for a broken contract.
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Afrikaans
round-ribbed Afrikander, noun phrasen. phr.RSA, nounn.
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