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Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Gift Tax
A technique used to avoid a gift tax in which a large sum of money to be given by two parents to a c

Gilt-Edged Securities
A tax assessed on the giver of a property or asset as a gift. A $10,000 federal gift tax exemption e

Gilts
British and Irish government securities. Blue Chip.

Ginnie Mae Pass-Through
British and Irish government securities. Blue Chip.

Give Up
A security guaranteed by the Government National Mortgage Association that is backed by a collection

Glamor Stock
Used for listed equity securities. (1) Term used in a securities transaction involving three brokers

Glass-Steagall Act
A popular stock characterized by high earnings growth rate and a price that rise is faster than the

Global Bonds
1933 legislation prohibiting commercial banks to own, underwrite, or deal in corporate stock and cor

Global Depository Receipt
Bonds designed to qualify for immediate trading in any domestic capital market and in the Euromarket

Global Fund
A receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous

Globalization
A mutual fund that can invest anywhere in the world, including the U.S.

GNMA Midget
Tendency toward a worldwide investment environment, and the integration of national capital markets.

GNMA-I
A GNMA pass-through certificate backed by fixed-rate mortgages with a 15-year maturity. GNMA Midget

GNMA-II
Mortgage-backed securities (M.B.S.) on which registered holders receive separate principal and inter

Gnomes
Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregate principal and i

Go Along
Freddie Mac's 15-year fixed-rate pass-through securities issued under its cash program.

Go Around
Used for listed equity securities. Buy or sell at prices that randomly occur on the floor, participa

Go To
Describes the N.Y. Federal Reserve Bank's trading desk practice of communicating with primary dealer

Go-Go Fund
Used in the context of general equities. (1) Trades ('10 IBM goes on at 115 '); see Print; (2) indic

Goal
Used in the context of general equities. Sell interest ('we've got 50 IBM to go'.).

Godfather Offer
An individual's or institution's financial objective.

Goes
An aggressive takeover technique in that the proposed offer of the acquiring company is so large tha

Going Ahead
A type of mutual fund in highly aggressive growth stocks. The fund has high levels of risk and poten

Going Away
A broker-dealer trades in a personal account prior to filling the orders of his or her clients. Proh

Going Into The Trade
The type of bond purchased by dealers for immediate resale to investors, as opposed to purchasing bo

Going Long
Used in the context of general equities. 1) Condition of the traders position in the security and ex

Going Out
The investor's purchase of a security for investment or speculation that the price will rise resulti

Going Private
Used in the context of general equities. Soliciting/advertising over the SS1, NASDSAQ, or Autex.

Going Public
When publicly owned stock in a firm is replaced with complete equity ownership by a private group. T

Going Short
When a private company first offers shares to the public market and investors. See

Going-Concern Value
Selling stock that an investor does not own by borrowing shares from a broker. The assumption is tha

Gold Bars
The value of a company to another company or individual in terms of an operating business. The diffe

Gold Bond
Bars with a minimum content of 99.5% gold, which may be held by central banks or traded by investors

Gold Bullion
Bonds issued by gold-mining companies and backed by gold. The bonds make interest payments based on

Gold Certificate
Investment-grade, pure gold, which may be smelted into gold coins or gold bars.

Gold Coins
Certificate of an investor, that shows proof of ownership of gold bullion.

Gold Exchange Standard
Coin minted in gold, such as the American Eagle or the Canadian Maple Leaf.

Gold Fixing
A fixed exchange rate system adopted in the Bretton Woods agreement. It required the U.S. to peg the

Gold Mutual Fund
The process of determining the price of gold based on supply and demand forces of the market; which

Gold Standard
A mutual fund that primarily invests in gold-mining companies' stock.

Goldbug
An international monetary system in which currencies are defined in terms of their gold content, and

Golden Handcuffs
Analysts who recommends gold as an investment/hedge.

Golden Handshake
A contract that binds a broker to a brokerage firm by offering the broker commissions and bonuses, b

Golden Hello
A large payment to a senior employee who is forced into retirement or fired as a result of a takeove

Golden Parachute
A bonus a securities firm pays to attract an employee from a competing firm.

Goldilocks Economy
Compensation paid to top-level management by a target firm if a takeover occurs.

Good Delivery
A term developed in the mid 1990s to describe the positive performance of the economy as 'not too ho

Good Faith Deposit
Refers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, all

Good Money
Used in the context of commodities. Refers to the initial margin account deposit needed when buying

Good Through-Until Date Order
Federal funds that clear on the same day, unlike clearinghouse funds, which require three days to cl

Good Til Cancelled Order (GTC)
Used in the context of general equities. Market or limited price order that remains viable for a sta

Good-This-Month Order (GTM)
An order to buy or sell stock that is good until you execute or cancel it. Brokerages usually set a

Goodwill
An order to buy or sell securities that continues to be a valid order until the end of the current m

Goodwill
The accounting term for amounts paid for assets over and above their fair market value. Goodwill ari

Government Obligations
A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Gin

Government Securities
U.S. government-backed debt instruments, which are considered among the safest investments possible,

Government Sponsored Enterprises
Negotiable U.S. Treasury securities.

Governments
Privately owned, publicly chartered entities, such as the Student Loan Marketing Association, create

Grace Period
U.S. government-issued securities, such as Treasury bills, bonds, and notes, and savings bonds. Gove

Graduated Call Writing
The time period stipulated in most loan contracts and insurance policies during which a late payment

Graduated Lease
Selling covered call options at incrementally rising exercise prices, so that as the price of the un

Graduated Security
A type of long-term lease whose payments are variable rather than fixed, and depend upon a benchmark

Graduated-Payment Mortgage (GPM)
A security that has moved from listing on an exchange of less prominence to one of more prominence.

Graham And Dodd Method Of Investing
A type of stepped-payment loan in which the borrower's payments are initially lower than those on a

Graham-Harvey Measure 1
An investment strategy based on security analysis and identification. Investors buy stocks with unde

Graham-Harvey Measure 2
Performance measure developed by John Graham and Campbell Harvey. The idea is to lever a fund's port

Grandfather Clause
Performance measure developed by John Graham and Campbell Harvey. The idea is to lever the S&P 500 p

Grantor
A provision included in a new rule or regulation that exempts a business that is already conducting

Grantor Trust
A tax-saving trust in which a grantor transfers property to a beneficiary, but receives income until

Graveyard Market
A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee under a cus

Gray Knight
Bear market in which investors who sell are faced with substantial losses, while potential investors

Gray List
In a merger or acquisitions, a gray knight is an acquiring company that outbids a white knight in pu

Gray Market
Formal roster of stocks that can be traded by the block desks, but not in risk arbitrage because an

Great Call
Describes the sale of securities that have not officially been issued to firms other than the underw

Greater Fool Theory
Used in the context of general equities. Potential customer who may have an interest in participatin

Greenmail
An investment notion that even when a stock is fully valued by conventional standards, there is room

Greenshoe Option
The holding of a large block of stock of a target company by an unfriendly company, with the object

Gross Domestic Product (GDP)
Option that allows the underwriter for a new issue to buy and resell additional shares.

Gross Earnings
The market value of goods and services produced over time including the income of foreign corporatio

Gross Estate
A person's total taxable income prior to adjustments. See

Gross Income -
The total value of a person's property and assets before accounting for debts, taxes, and liabilitie

Gross Interest
A person's total income prior to exclusions and deductions.

Gross Lease
Interest earned before taxes are deducted.

Gross Margin
A type of property lease in which the lessor (owner of the property being leased) pays expenses asso

Gross National Product (GNP)
Net Sales less cost of sales (including both fixed and variable costs), often expressed as a percent

Gross Parity
Measures and economy's total income. It is equal to G.D.P. plus the income abroad accruing to domest

Gross Per Broker
Applies mainly to convertible securities and international equities. Antithesis of net parity. For t

Gross Profit
The dollar amount of commissions generated by a broker or registered representative over a specific

Gross Profit Margin
Sales minus the cost of goods sold.

Gross Sales
Gross profit divided by sales, which is equal to each sales dollar left over after paying for the co

Gross Sales
Total sales calculated by summing all sales at invoice values, neglecting any adjustments such as cu

Gross Spread
The total of amounts received (sales for cash) and amounts expected (sales on credit) in return for

Ground Lease
The fraction of the gross proceeds of an underwritten securities offering that is paid as compensati

Group Insurance
A lease of land, as opposed to a lease of a building.

Group Of Eight (G-8)
Insurance coverage for a group, which can usually be obtained at a cheaper rate than insurance for a

Group Of Five (G-5)
The G-7 countries plus Russia.

Group Of Seven (G-7)
The five leading countries (France, Germany, Japan, the U.K., and the U.S.) that meet periodically t

Group Of Ten
The G-5 countries plus Canada and Italy.

Group Rotation
A group of the ten major industrialized countries whose mission is to create a more stable world eco

Group Rotation Manager
The tendency of stocks in one sector of the market to outperform and then underperform other industr