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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 MatchesMBS 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. Certificate of deposit (CD)Certificate of deposit (CD)A document which shows that the bearer has a specified amount of money on deposit with a bank, stock-brokerage firm or other financial institution. Depository transfer check (DTC)Depository transfer check (DTC)Check made out directly by a local bank to a particular firm or person. Deposit insuranceDeposit insuranceIn the US, financial protection of certain bank and credit union accounts by way of insurance provided by a federal agency. Bank insurance up to specified limits is provided for funds on deposit in member banks by the Federal Deposit Insurance Corporation. Credit unions which are federally chartered are insured by the National Credit Union Administration. Negotiated certificate of depositNegotiated certificate of depositA large-denomination CD, generally $1MM or more, that can be sold but cannot be cashed in before maturity. Further SuggestionsSavings depositsAdvance deposit requirement Security deposit (maintenance) Eurocurrency deposit Deposit insurance Deposit Protection Scheme American depositary receipt Security deposit (initial) Electronic depository transfers Federal Deposit Insurance Corporation Verification of deposit Federal Deposit Insurance Corporation (fdic) certificate of deposit Depository Institutions Deregulation and Monetary Control Act Depository receipt Day of deposit to day of withdrawal account International Depository Receipt (IDR) Depository institution Global Depository Receipt Negotiable certificates of deposit American Depository Receipt Fees jumbo certificate of deposit time deposit Certificate of deposit (CD) Depository Trust Company |
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