Glass-Steagall Act Act passed in 1933 whereby Congress forbade commercial banks from having ownership or underwriting or dealing in corporate bonds and stocks. … [Read more...]
Glide Path
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Glide Path Formula used with target date funds that defines the asset allocation mix. Used to create an asset mix that grows more conservative as it nears target date. … [Read more...]
Global Bonds
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Global Bonds Bonds designed to qualify for trading immediately in the Euromarket and in domestic capital markets everywhere. … [Read more...]
Global Fund
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Global Fund Mutual funds that can make investments in the U.S. as well as other countries. … [Read more...]
Globalization
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Globalization A movement toward a worldwide investment climate, prompting the integration of capital markets of different countries. … [Read more...]
Globex
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Globex Electronic trading platform where derivative, commodity contracts and futures can be traded. There is no restriction on trading arising from borders or time zones as the Globex trades continuously. … [Read more...]
GMCs (Guaranteed Mortgage Certificates)
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GMCs (Guaranteed Mortgage Certificates) GMCs represent a portion of undivided interest in conventional loans and similar participations acquired earlier by Freddie Mac. The first GMC was issued in 1975 by Freddie Mac. … [Read more...]
GNMA-I
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GNMA-I MBS securities where holders get principal and interest payments separately on every certificate held. Usually this payment is made directly by the MBS pool servicer. GNMA-I MBSs are single-issuer pools wherein the rates may vary slightly on the securities in the pool. … [Read more...]
GNMA-II
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GNMA-II Mortgage-backed securities (MBS) backed by single issuer pools where rates vary within a single percentage point or multiple issuer pools (Jumbo Pools). Registered holders are paid the aggregate principal plus interest payment by a centralized paying agent for all the … [Read more...]
GNMA Midget
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GNMA Midget Refers to the common term used by dealers for pass-through certificate by GNMA with 15 year maturity term, backed by fixed rate mortgages. … [Read more...]
Gnomes
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Gnomes Pass through securities with fixed rate, issued by Freddie Mac under the cash program, for 15-year terms. … [Read more...]
Go-Around
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Go-Around The solicitation of competing offers and bids from primary dealers, initiated by the Fed prior to buying and selling securities, undertaking repos or reverses. … [Read more...]
Go Shop Period
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Go Shop Period Provision that enables a public company to find competing offers even though it has already received a confirmed offer for its sale. The first offer becomes the floor price for comparison with other offers. … [Read more...]
Going-Private Transactions
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Going-Private Transactions Publicly owned stock in a firm is replaced with complete equity ownership by a private group. The shares are delisted from stock exchanges and can no longer be purchased in the open markets. … [Read more...]
Gold Exchange Standard
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Gold Exchange Standard System agreed to under the Bretton Woods agreement for fixing exchange rates. The U.S. pegged or linked the value of the dollar to gold and other countries pegged their currencies to the U.S. dollar. … [Read more...]
Gold Standard
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Gold Standard A worldwide monetary system which was in force between 1870 to 1914, where currencies were denoted in terms of gold content. Imbalances in payment between countries were settled in gold. … [Read more...]
Gold/Silver Ratio
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Gold/Silver Ratio The ratio showing the number of ounces of silver that are required to purchase one ounce of gold which is taken as the fixed variable. Investors use this ratio to compare the values of silver and gold with respect to each other. … [Read more...]
Golden Parachute
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Golden Parachute Payment made as compensation to top management by the target firm in event of a successful takeover. … [Read more...]
Good Delivery
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Good Delivery Any delivery wherein all necessary paper, documents exist in proper order and stipulations are fully met. … [Read more...]
Good Delivery and Settlement Procedures
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Good Delivery and Settlement Procedures PSA Uniform Practices stipulations with respect to aspects such as cutoff times on securities delivery and notification, proper endorsement, allocation. … [Read more...]
