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English definition of “good-faith”

good-faith

adjective [before noun] uk   /ˈɡʊd.feɪθ/ mainly US us  
done in an honest and sincere way: A good-faith effort has been made by both parties to settle.
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used to describe money that is paid to show that you are serious about doing something or entering an agreement: What we're asking is that they make a good-faith payment on what they owe.
(Definition of good-faith from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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