good faith money
noun[U]
ukusFINANCE,STOCK MARKET
moneypaidby aninvestorto afinancialorganizationwhen itstartstomanagetheirinvestment:
Wheninvestorstake apositionon acommodity, they must put up goodfaithmoneybefore they cantradetohelpoffsetaloss.
PROPERTYUS
anamountofmoneythat someonepayswhen theysignanagreementtobuyaproperty, whichformspartof thetotalpaymentfor theproperty