Almost all life companies will lock the interest rate when the application is signed and a refundable good faith deposit is received from the borrower.

., not matter) and the parties may still have a duty to close in good faith.

You sound like a person of faith.

The best part - you can apply it to whatever you wish to improve on (Faith, Family, Job, etc).

My definition of high risk......Faith investing also known as appreciation speculators.  

The fiat USD in your pocket not backed by anything other than faith and trust in your banking system.  

If you want to have faith in me and can give accurate bids, I would love to partner with you when I am ready to do my own flips.

"Good faith deposit" is another that I've heard of. 

They didn't give you clear positive signals about this potential tenant so I'd take the results back to the applicant, show them the answers, and let them know you can't in good faith move forward with their application process due to an incomplete reference.  

Although an LOI is non-binding generally it is signed in good faith with the expectation that both sides will work towards getting a mutually acceptable PSA that follows the general guidelines laid out by the LOI.