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Good faith deposit |
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Good faith depositUsed in the context of commodities. Refers to the initial margin account deposit needed when buying or selling a futures contract; approximately 2%-10% of the contract value. Used in the context of securities to describe the deposit required by securities firms engaged in transactions on behalf of a new client. Also used to refer to the deposit with a municipal bond issuer by firms competing for the underwriting business.Good faith deposit Similar MatchesDirect depositDirect depositA method of payment which electronically credits your checking or savings account. Verification of depositVerification of depositAs part of the loan process, a lender will ask a borrower's bank to sign a statement verifying the borrower's account balances and history. Depository preferredDepository preferredDevice enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities. Eurocurrency depositEurocurrency depositA short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., US dollars deposited in a London bank). Day of deposit to day of withdrawal accountDay of deposit to day of withdrawal accountA bank account that pays interest according to the number of days that the money is actually on deposit. Further SuggestionsAmerican Depository Share (ADS)Deposit Protection Scheme Jumbo certificate of deposit deposit deposit insurance International Depository Receipt (IDR) Security deposit (initial) Certificate of deposit (CD) certificate of deposit MBS depository Certificate of deposit (CD) Federal Deposit Insurance Corporation (fdic) Demand deposit Depository receipt time deposit jumbo certificate of deposit Deposit insurance Depository Institutions Deregulation and Monetary Control Act Deposit Federal Deposit Insurance Corporation Depository transfer check (DTC) Security deposit (maintenance) Savings deposits demand deposit Federal Deposit Insurance Corporation (FDIC) |
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