good faith deposit

good faith deposit
Used in the context of commodities ( commodity). Refers to the initial margin account deposit needed when buying or selling a futures contract; approximately 2%-10% of the contract value. Bloomberg Financial Dictionary
Used in the context of securities to describe the deposit required by securities firms engaged in transactions on behalf of a new client. Bloomberg Financial Dictionary
Also used to refer to the deposit with a municipal bond issuer by firms competing for the underwriting business. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Good Faith Money — The deposit of money into an account by a buyer to show that he or she has the intention of completing the deal. In most cases, the deposit amount will be a percent of the amount owed. The money in an account can also be known as margin or a… …   Investment dictionary

  • Deposit — 1. A transaction involving a transfer of funds to another party for safekeeping. 2. A portion of funds that is used as security or collateral for the delivery of a good. 1. This type of deposit is identical to the money an investor transfers into …   Investment dictionary

  • Deposit — may refer to: Deposit (town), New York Deposit (village), New York Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder Demand deposit, the funds held in demand deposit accounts in commercial banks …   Wikipedia

  • certificate of deposit — a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate. Abbr.: CD, C.D. * * * ▪ finance       a receipt from a bank acknowledging… …   Universalium

  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia

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  • Earnest payment — An earnest payment (sometimes called earnest money or simply earnest, or alternatively a good faith deposit) is a deposit towards the purchase of real estate or publicly tendered government contract made by a buyer or registered contractor to… …   Wikipedia

  • Heresy — • St. Thomas defines heresy: a species of infidelity in men who, having professed the faith of Christ, corrupt its dogmas Catholic Encyclopedia. Kevin Knight. 2006. Heresy     Heresy      …   Catholic encyclopedia

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