bond-basics

Good Faith Deposit

The amount, if any, required to be paid to the Issuer by the Underwriter at the time the Bonds are sold, which serves as the amount retained by the Issuer as compensation for any damages caused to the Issuer by the Underwriter failing to purchase the Bonds at the Closing.


See Also

Underwriter

A securities broker or dealer that purchases bonds from an issuer and resells them to investors.

Hudson Yards Rail Yards

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Continuing Resolution (CR)

Short-term spending bill that typically and for the most part maintains expenditures at the prior fiscal year’s levels.