|
|
Good faith deposit |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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. Security deposit (maintenance)Security deposit (maintenance)Related: Maintenance margin 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. MBS depositoryMBS depositoryA book-entry depository for GNMA securities. The depository was initially operated by MBSCC and is now a separately incorporated, participant-owned, limited-purpose trust company organized under the State of New York Banking Law. DepositDeposit(1) Money given by the buyer with an offer to purchase. Shows good faith. Also called earnest money. (2) A natural accumulation of resources (oil, gold, etc.) which may be commercially recovered and marketed. Further SuggestionsEuro Depositary ReceiptNegotiable certificates of deposit International Depository Receipt (IDR) Advance deposit requirement Depository receipt American Depository Receipt Ratio Global Depositary Receipt American Depository Receipt Fees Federal Deposit Insurance Corporation (FDIC) Time deposit Deposit Protection Scheme Depository Institutions Deregulation and Monetary Control Act Day of deposit to day of withdrawal account jumbo certificate of deposit Federal Deposit Insurance Corporation Demand deposit Depository transfer check (DTC) certificate of deposit American Depository Share (ADS) Certificate of deposit (CD) Certificate of deposit (CD) Global Depository Receipt depository bank Electronic depository transfers Eurodollar certificate of deposit |
|
|
|