A deposit paid by a buyer to a seller to demonstrate intention to complete the purchase. also called earnest money.
Related information about good faith deposit:
- Things to Know About Good Faith Deposits - Yahoo! Voices - voices ...
Mar 31, 2007 ... A good faith deposit is nothing more than amount of money that indicates your seriousness in buying the property. When a purchase contract is ...
- Earnest Money Deposits
What is an Earnest Money Deposit? It's a good faith deposit but not to be confused with a down payment. When buyers execute a purchase contract, the contract ...
- Good Faith Deposit - Financial Dictionary - The Free Dictionary
Good Faith Deposit. Also found in: Acronyms, 0.02 sec. Good faith deposit. Used in the context of commodities. Refers to the initial margin account deposit ...
- Earnest payment - Wikipedia, the free encyclopedia
An earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official Procurement ...
- What Is a Good Faith Deposit?
Sep 5, 2012 ... A good faith deposit is a sum of money paid to a seller or third party to secure a transaction and help it move forward. It is...
- Home Buying: When is the good faith deposit due? I am purchasing ...
Apr 14, 2011 ... When is the good faith deposit due? I am purchasing a property in Los Angele My offer was accepted Wednesday, and I was told the deposit ...
- What is good faith deposit? definition and meaning
Definition of good faith deposit: A deposit paid by a buyer to a seller to demonstrate intention to complete the purchase. also called earnest money.
- good faith deposit - Business Definition
good faith deposit definition: 1. Funds advanced as a guarantee that a contract or promise will be fulfilled. See also earnest money. 2. A sum of money required ...