Focus on the pronunciation of good faith money
English definition of “good faith money”
good faith money
› FINANCE, STOCK MARKET money paid by an investor to a financial organization when it starts to manage their investment: When investors take a position on a commodity, they must put up good faith money before they can trade to help offset a loss.
› US PROPERTY an amount of money that someone pays when they sign an agreement to buy a property, which forms part of the total payment for the property