Meaning of “good-faith” in the English Dictionary

business-english dictionary

"good-faith" in British English

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good-faithadjective [ before noun ]

uk /ˈɡʊd.feɪθ/ us /ˈɡʊd.feɪθ/ mainly US

done in an honest and sincere way:

A good-faith effort has been made by both parties to settle.

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 Learner’s Dictionary & Thesaurus © Cambridge University Press)

"good faith" in Business English

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good faithnoun [ U ]

uk us

a way of behaving that is honest:

Buyers have no right to keep a stolen car once it has been identified as stolen, even if it was bought in good faith.

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