Meaning of “good faith money” in the English Dictionary

"good faith money" in Business English

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good faith moneynoun [ U ]

uk us

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

(Definition of “good faith money” from the Cambridge Business English Dictionary © Cambridge University Press)