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Investing Glossary:
Good faith deposit
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| Used 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.
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