GOOD FAITH DEPOSIT - Used in the context of commodities. Refers to the initial margin account deposit n...
GOOD FAITH ESTIMATE - Often called a GFE. A written estimate of expected closing costs that a lender mu...
Good faith deposit
A good faith deposit is a sum of money provided by a buyer to a seller, which demonstrates the buyer's intention to purchase.
GOOD FAITH DEPOSIT " The check which accompanies a syndicate's bid for a new municipal issue.
GOOD TILL CANCELLED ORDER (GTC) OR OPEN ORDER " An order to buy or sell which remains in effect until it is either executed or cancelled.
good faith deposit given by a buyer to a seller prior to consummation of a transaction. Earnest money is usually forfeited in the event the buyer is unwilling or unable to complete the sale.
margin Margin is a good faith deposit that a trader puts up as collateral to hold a... margin account A type of account in which the brokerage lends the client cash with which to...
A real estate purchase deposit may be called a good faith deposit, a contract deposit, or simply a deposit. The second meaning of deposit is applied to funds transferred to another party, typically a financial institution, for safekeeping.
Futures: money or securities put up as a good faith deposit assuring that a future contract will be fulfilled. Also known as a security deposit, as in the initial margin and Maintenance Margin required when a futures position is open.
Earnest money - A good faith deposit that upon acceptance of a buyer's Purchase & Sale Agreement by a seller, is held in a trust account until closing.
Good-faith deposit: In a competitive underwriting, the bidders must make a good faith deposit, to show that they have the capability of handling the offering.
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, allocation, and proper endorsement.
Good faith deposit ...
 See also: Expense, Margin account, Banks, Acquisitions, Administration
  
|
RSS
