Business terms starting with G

110 terms

"Go-to" rate Interest rate you are charged after the introductory rate.
Gable The upper portion of an end wall formed by the slope of a roof.
Gainer Stocks that increase in value over the course of the trading day are described as gainers or advancers.
Galvanized Iron Iron that has been coated with zinc to inhibit rusting.
Gap Insurance Insurance coverage that pays the difference between what you owe on your auto loan and your totaled car’s actual cash value.
Garn-St. Germain Depository Institutions Act Legislation enacted in 1982 that provided the thrift industry more flexibility in managing assets and liabilities.
Garnishment Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds…
Garnishment/Garnish A legal process that allows a creditor to remove funds from your bank account to satisfy a debt that you have not paid.
gasoline excise tax An excise tax paid by consumers when they purchase gasoline. The tax covers the manufacture, sale, and use of gasoline.
GDI See Gross domestic income (GDI)
GDP See Gross domestic product (GDP)
GDP by state See Gross domestic product (GDP) by state
GDP price index See Gross domestic product (GDP) price index
GDP-by-industry accounts See Gross domestic product (GDP)-by-industry accounts
General account A general account is a deposit account. In the insurance industry, a general account is the account into which all incoming funds, except those designated…
General Agreement on Tariffs and Trade (GATT) A General Agreement on Tariffs and Trade was signed in 1947 to provide an international forum to encourage free trade, reduce tariffs, and provide a…
General Contractor A person who oversees a home improvement or construction project and handles various aspects such as scheduling workers and ordering supplies.
General government sector Includes production by all Federal, state, and local government agencies except for government enterprises.
General obligation (GO) bond State and local governments issue general obligation (GO) municipal bonds and pay the interest and repay the principal from general revenues.
General partnership A partnership made up of general partners, without special (limited) partners; that is, no partner's liability is limited.
geocode Geocode refers to the combination of applicable codes for the metropolitan area, state, county and census tract.
Gift A payment, advance, forbearance, rendering, or deposit of money, or anything of value, unless consideration of equal or greater value is received by the…
Gift Letter A letter that a family member writes verifying that s/he has given you a certain amount of money as a gift and that you don't have to repay it.
Gift tax A gift tax is a tax on the combined total value of the taxable gifts you make that exceed your lifetime federal tax-exempt limit of $1 million.
Gilt-edged security When the term gilt-edged is applied to bonds, it's the equivalent of describing a stock as a blue chip.
Ginnie Mae Nickname for Government National Mortgage Association (GNMA).
Glazing The material, usually glass, that fills spaces between sash members (rails, stiles and muntins), commonly referred to as panes or lights.
Glazing Bar See mullion.
Global Debt Facility Designed to allow investors all over the world to purchase debt (loans) of U.S. dollar and foreign currency through a variety of clearing systems.
Global depositary receipt (GDR) To raise money in more than one market, some corporations use global depositary receipts (GDRs) to sell their stock on markets in countries other than the…
Global fund Global, or world, mutual funds invest in US securities as well as those of other countries.
GNP See Gross national product (GNP)
Go long When you go long, you buy a security or other financial product that you intend to hold for a period of time or one that you expect to increase in value…
Go public A corporation goes public when it issues shares of its stock in the open market for the first time, in what is known as an initial public offering (IPO).
Go short When you enter a futures contract that commits you to sell or deliver the underlying product, you go short or have a short position.
Gold standard The gold standard is a monetary system that measures the relative value of a currency against a specific amount of gold.
Good 'til canceled (GTC) If you want to buy or sell a security at a specific price, you can ask your broker to issue a good 'til canceled (GTC) order.
Good Driver Plan A rating program offered by some insurance companies that reduces your premium if you have had no accidents or traffic violations within a specified time…
Good faith deposit A good faith deposit is a sum of money provided by a buyer to a seller, which demonstrates the buyer's intention to purchase.
Good faith estimate A good faith estimate is a written summary provided by your mortgage lender. It shows the amount you can expect to pay at your real estate closing to…
Good Faith Estimate (GFE) A document which tells borrowers the approximate costs they will pay at or before settlement, based on common practice in the locality.
Good will When the term good will is used in connection with evaluating a company, it covers the intangible value of its reputation, its satisfied clients, and its…
Gothic Sash A window sash pattern composed of mullions that cross to form pointed arches.
Government bond The term government bond is used to describe the debt securities issued by the federal government, such as US Treasury bills, notes, and bonds.
Government consumption expenditures Expenditures consisting of compensation of general government employees, consumption of fixed capital (CFC), and intermediate purchases of goods and…
Government consumption expenditures and gross investment The value of services produced by government, measured as the purchases made by government on inputs of labor, intermediate goods and services, and…
Government current expenditures Expenditures consisting of government consumption expenditures, current transfer payments, interest payments, and subsidies.
Government current receipts Receipts consisting of current tax receipts, contributions for government social insurance, income receipts on assets, current transfer receipts from…
Government enterprise See Government enterprises
Government enterprises Government agencies that cover a substantial portion of their operating costs by selling goods and services to the public and that maintain their own…
Government gross investment Expenditures consisting of government purchases of structures, equipment, and own-account production of structures and software.
Government Mortgage A mortgage loan that is insured or guaranteed by a federal government entity such as the Federal Housing Administration (FHA) or guaranteed by the U. S.
Government National Mortgage Association (Ginnie Mae) The Government National Mortgage Association, known as Ginnie Mae, guarantees mortgage-backed securities issued by approved private institutions and…
Government National Mortgage Association (GNMA or Ginnie Mae) A government organization that participates in the secondary market, securitizing pools of FHA, VA, and RHS loans.
Government social benefits Includes benefits from government social insurance funds and from certain other programs.
Government-Sponsored Enterprise (GSE) Business organizations chartered and sponsored by the federal government, which include Fannie Mae, Freddie Mac, and the FHLBanks.
Government-Sponsored Enterprise (GSEs) Private corporations created by the U.S. Government to reduce borrowing costs. They are chartered by the U.S.
Grace Period A time period after the due date that you may pay a premium without penalty. The policy remains in force during this time.
Graduated payment mortgage (GPM) A fixed-interest loan with lower payments in the early years than in the later years.
Graduated Payment Mortgages Mortgages that begin with lower monthly payments that get slowly larger over a period of years, eventually reaching a fixed level and remaining there for…
Grandfathering An exemption based on circumstances previously existing. Under the NFIP, buildings located in Emergency Program communities and Pre-Flood Insurance Rate…
Grantee An individual to whom an interest in real property is conveyed.
Grantor The person conveying real property by a trust deed as security for the performance of an obligation.
Green fund A mutual fund that selects investments based on a commitment to environmental principles may be described as a green fund.
Green shoe clause A green shoe clause allows the group of investment banks that underwrite an initial public offering (IPO) to buy and offer for sale 15% more shares at the…
Grille A decorative, openwork grating, usually of iron, used to protect a window, door, or other opening.
Gross Annual Income The income reported is the total gross annual income an institution relied upon in making the credit decision.
Gross domestic income See Gross domestic income (GDI)
Gross domestic income (GDI) The costs incurred and the incomes earned in the production of gross domestic product (GDP).
Gross domestic investment The sum of gross private domestic fixed investment, the change in private inventories, and government gross investment.
Gross domestic product See Gross domestic product (GDP)
Gross domestic product (GDP) The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced gross national product…
Gross domestic product (GDP) by state A measurement of a state's output; it is the sum of value added from all industries in the state.
Gross domestic product (GDP) price index Measures the prices paid for goods and services produced by the U.S. economy and is derived from the prices of personal consumption expenditures (PCE)…
Gross domestic product (GDP)-by-industry accounts A set of accounts that present the contribution of each private industry and government to the Nation's gross domestic product (GDP).
Gross domestic product price index See Gross domestic product (GDP) price index
Gross domestic product-by-industry accounts See Gross domestic product (GDP)-by-industry accounts
Gross domestic purchases The market value of goods and services purchased by U.S. residents, regardless of where those goods and services were produced.
Gross domestic purchases price index Measures the prices paid for goods and services purchased by U.S. residents. This index is derived from the prices of personal consumption expenditures…
Gross Income Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships.
Gross investment The sum of gross private domestic investment, government gross investment, and balance on current account, national income and product acounts.
Gross margin Gross margin, sometimes called gross profit, is the percentage by which profits exceed production costs.
Gross Monthly Income The income you earn in a month before taxes and other deductions. It may also include rental income, self-employed income, income from alimony, child…
Gross national product See Gross national product (GNP)
Gross national product (GNP) The market value of goods and services produced by labor and property supplied by U.S. residents, regardless of where they are located.
Gross operating surplus Value derived as a residual for most industries after subtracting total intermediate inputs, compensation of employees, and taxes on production and…
Gross output Consists of sales, or receipts, and other operating income, plus commodity taxes and changes in inventories.
Gross private domestic investment Private fixed investment and change in private inventories. It is measured without a deduction for consumption of fixed capital (CFC), includes…
Gross spread In an initial public offering (IPO), the gross spread is the difference between what the underwriters pay the issuing company per share and the per share…
Gross state product See Gross domestic product (GDP) by state
Ground Rent Payment for the use of land when title to a property is held as a leasehold estate (that is, the borrower does not actually own the property, but has a…
Group Flood Insurance Policy (GFIP) Issued by the NFIP Direct Program in response to a presidential disaster declaration.
Group of companies Several insurance companies under common ownership and often common management.
Growing-Equity Mortgage (GEM) A fixed-rate mortgage in which the monthly payments increase according to an agreed-upon schedule, with the extra funds applied to reduce the loan balance…
Growth Growth is an increase in the value of an investment over time. Unlike investments that produce income, those that are designed for growth don't…
Growth and income fund Growth and income mutual funds invest in securities that provide, as their name suggests, a combination of growth and income.
growth fund A growth fund is a type of mutual fund that usually focuses on the purchase of equities likely to have superior growth potential.
Growth rate A growth rate measures the percentage increase in the value of a variety of markets, companies, or operations.
GSE Abbreviation for government sponsored enterprisesa collection of financial services corporations formed by the United States Congress to reduce interest…
Guarantee A pledge to investors that the issuing company will bear the default risk on the collateral pool of loans, thereby ensuring the timely payment of…