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Acronymfinder

What does GFD stand for?

GFD stands for Good Faith Deposit


This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of GFD

Other Resources:
We have 68 other meanings of GFD in our Acronym Attic

Samples in periodicals archive:

If a Successful Bidder fails to consummate an approved Sale because of a breach or failure to perform on the part of such Successful Bidder, the Debtor will not have any obligation to return the Good Faith Deposit deposited by such Successful Bidder, and such Good Faith Deposit shall irrevocably become property of the Debtor without affecting or reducing any of the Debtor's other rights or claims against such party.
In addition, travel agents booking groups by July 31, 2010, receive a guaranteed 18 percent commission, a one-for-15 tour conductor, a standard cocktail party, a 90-day waiver of the good faith deposit, and a 50 percent reduction of good faith deposit.
``You have to have a $1 million good faith deposit before you can place a bid, so unless you've got a million bucks in your pocket, you can't come and buy us,'' he said.