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    Financial Dictionary

    Dictionary Home The Language of Money - Edna Carew
    A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



    GAAP
     
    Abbrev. Generally Accepted Accounting Principles  
    Galbraith, John Kenneth
     
    (1908 - )leading US political economist. His major works include The Great Crash 1929, The ...  
    Gamma
     
    A measure of the rate of change in delta in response to changes in the price of the underlying ...  
    Gamma hedge
     
    A hedge taken by initiating option positions to reduce the risk of change to an options portfolio's ...  
    Gamma neutral
    top
    Having offsetting positive and negative gammas to reduce the variations in a portfolio's delta ...  
    Gapping
     
    Taking advantage of a time difference. An example is borrowing short to lend long because ...  
    Garnishee
     
    To attach someone's money or property to someone else by order of a court (garnishment). If ...  
    GATT
     
    Abbrev. General Agreement on Tariffs and Trade.  
    Gazump
     
    A word that came into vogue with a buoyant real estate market, lending a new term to an ancient ...  
    GDP
    top
    Abbrev. gross domestic product.  
    Geared equities investment
     

    See also: margin trading.

     
    Gearing
     
    The relationship between a company's shareholders' funds and some form of outside borrowing. ...  
    General Agreement on Tariffs and Trade
     
    An organisation established in 1949 under the terms of an international agreement. Its secretariat ...  
    General equilibrium theory
     
    A description of the relationships among all the entities in an economy - consumers, producers ...  
    Generally Accepted Accounting Principles
    top
    Accounting rules recognised worldwide - although there are variations between countries in ...  
    Geneva Trade Conference
     
    A conference held in 1947 which resulted in the General Agreement on Tariffs and Trade, the ...  
    Gensaki
     
    A yen repurchase agreement based on Japanese securities. The rates on gensaki agreements are ...  
    Giblin, Lyndhurst Falkiner
     
    (1872 - 1951)probably Australia's most original economist, Giblin achieved a place in the ...  
    Gilt-edged
     
    Of the highest quality. The term was applied in the nineteenth century to government securities ...  
    Gilts
    top
    Initially used as shorthand for UK government securities, especially the longer maturities, ...  
    Ginnie Mae
     
    A US security issued by the Government National Mortgage Association, an agency of the US ...  
    Give-up
     
    The discount a seller has to give to sell a security such as a bond. For example, a buyer ...  
    Glamour stocks
     
    The trendies of the market. They are stocks which are perceived to have growth potential, ...  
    Glass Steagall Act
     
    US legislation passed in 1933 to tighten banking practices in the wake of the Great Depression ...  
    Global note facility
    top
    A development of the note issuance facility (NIF) which combines the ability to issue euronotes ...  
    Globalised
     
    Business jargon for 'worldwide'. A business which has become globalised operates internationally.  
    Globex
     
    An international, round-the-clock, electronic futures and options trading system started in ...  
    GNMA
     
    Abbrev. Government National Mortgage Association.

    See also: Ginnie Mae.

     
    Gnome loans
     
    Loans taken out in Swiss francs. These were popular with many Australian and New Zealand borrowers ...  
    Gnomes of Zurich
    top
    A term coined by Britain's Labour ministers in the mid-1960s when referring to Swiss bankers ...  
    GNP
     
    Abbrev. gross national product.  
    Going concern
     
    A business which is operational and viable.  
    Going public
     
    Changing the status of a private company by offering shares to the general public, often to ...  
    Going-concern value
     
    A measure of a company's worth, based on the assumption that the business will continue to ...  
    Gold fix
    top
    The daily setting of the gold price in London, at 10.30am and 3pm, by five representatives ...  
    Gold futures contract
     

    See also: futures markets, Sydney Futures Exchange.

     
    Gold loan
     
    Popular in the 1980s, gold loans enabled gold-mining companies to raise working capital by ...  
    Gold reserves
     
    What official bodies such as Australia's Reserve Bank hold as part of their total gold and ...  
    Gold standard
     
    An international monetary system in which, theoretically, the values of different currencies ...  
    Gold-convertible bonds
    top
    Typically issued by gold mining companies and bought by investors who want a longer-term investment ...  
    Gold-linked note
     
    A note whose interest payment is linked to the gold price.  
    Golden circle
     
    A form of collusive dealing in a market such as foreign exchange, by which traders successfully ...  
    Golden handcuffs
     
    Handsome remuneration made on the provision that the employee will stay with the company. ...  
    Golden handshake
     
    A substantial gift made by a company to an employee (often of long standing) to compensate ...  
    Golden hello
    top
    A generous upfront payment made by a company to an incoming employee. Similar to a signing-on ...  
    Golden parachute
     
    Termination or retirement benefits provided for top executives as a reward for the responsibilities ...  
    Good delivery bar
     
    A gold bar which meets the requirements of the London Bullion Markets Association. Its gold ...  
    Good till cancelled
     
    An instruction to a share or futures broker that an order is to remain valid until the client ...  
    Goods and services
     
    Anything - tangible and intangible - which makes a contribution to economic wellbeing. It ...  
    Goods and services tax
    top
    An indirect tax, levied as a percentage added to the prices charged for most goods and services. ...  
    Goodwill
     
    The value attaching to the reputation of a company, individual or product; the intangible ...  
    Government National Mortgage Association
     
    Abbrev. GNMA.

    See also: Ginnie Mae.

     
    Government paper
     

    See also: paper.

     
    Grandfather clause
     
    An agreement that situations already in existence when new legislation comes into effect are ...  
    Granny bond
    top

    See also: indexed bond.

     
    Grantor
     
    A seller (in the context of option trading).

    See also: option.

     
    Great Depression
     

    See also: depression.

     
    Greenback
     
    A colloquialism for the US dollar, derived from the colour of the ink used to print the currency. ...  
    Greenmail
     
    A form of corporate extortion. In Australia, the term is most often used where a small investor ...  
    Gresham's law
    top
    The principle that 'bad money drives out good'. Gresham's law held that if two coins are in ...  
    Gross
     
    Whole or total, before any deductions or offsets have been made; opposite of 'net'.

    See ...

     
    Gross domestic product
     
    A measurement of the flow of goods and services produced in an economy in a given period, ...  
    Gross interest
     
    The interest on an investment before tax is deducted.  
    Gross national product
     
    GDP plus any income earned by residents from their investments overseas, minus any income ...  
    Gross profit
    top
    The surplus in a business entity's accounts before deductions for tax, interest, dividends ...  
    Gross yield
     
    The percentage return on an investment before tax is deducted.  
    Group accounts
     

    See also: consolidated accounts.

     
    Group of 100
     
    An association of accounting and finance executives representing major Australian public companies ...  
    Group of 24
     
    A group of finance ministers from 24 developing country members of the International Monetary ...  
    Group of 77
    top
    Originally established to promote the views of 77 developing countries on international trade ...  
    Group of Five
     
    The informal name given to meetings of the finance ministers of the US, Germany, the UK, Japan ...  
    Group of Seven
     
    A grouping of industrialised countries comprising the Group of Five plus Canada and Italy. ...  
    Group of Ten
     
    The ten major capitalist country members of the International Monetary Fund, plus Switzerland. ...  
    Group of Thirty
     
    A private, independent, Washington-based international organisation whose charter is to raise ...  
    Growth fund
    top

    See also: capital growth fund.

     
    Growth recession
     
    An environment in which economic activity increases but at a rate too low to reverse rising ...  
    Growth stock
     
    A share in a company which is expected to increase in capital value rather than provide an ...  
    GRUF
     
    A global RUF. A GRUF usually involves other borrowing options, such as US commercial paper, ...  
    GST
     
    Abbrev. goods and services tax.  
    GTC
    top
    Abbrev. good till cancelled.  
    Guarantee
     
    A statement (contract) to perform an obligation or discharge a liability of another person ...  
    Guarantor
     
    One who makes a guarantee or agrees to be answerable or responsible for another's debt. Legally, ...