good faith money Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 moneypaid by an ​investor to a ​financialorganization when it ​starts to ​manage their ​investment: When ​investors take a ​position on a ​commodity, they must put up good ​faithmoney before they can ​trade to ​helpoffset a ​loss.
US PROPERTY an ​amount of ​money that someone ​pays when they ​sign an ​agreement to ​buy a ​property, which ​formspart of the ​totalpayment for the ​property
(Definition of good faith money from the Cambridge Business English Dictionary © Cambridge University Press)
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“good faith money” in Business English

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