Finance terms starting with G

55 terms

"Go-to" rate Interest rate you are charged after the introductory rate.
Gainer Stocks that increase in value over the course of the trading day are described as gainers or advancers.
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/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.
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 obligation (GO) bond State and local governments issue general obligation (GO) municipal bonds and pay the interest and repay the principal from general revenues.
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 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.
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.
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…
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 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-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.
Grandfathering An exemption based on circumstances previously existing. Under the NFIP, buildings located in Emergency Program communities and Pre-Flood Insurance Rate…
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…
Gross Annual Income The income reported is the total gross annual income an institution relied upon in making the credit decision.
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 Income Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships.
Gross margin Gross margin, sometimes called gross profit, is the percentage by which profits exceed production costs.
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 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…
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.
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.
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…
Guaranteed Insurability An option that permits the policyholder to buy additional stated amounts of life insurance at stated times in the future without evidence of insurability.
guaranteed investment certificates A deposit instrument paying a predetermined rate of interest for a specified term. Available from banks, trust companies and other financial institutions.
Guaranteed Investment Contract (GIC) A guaranteed investment contract, or GIC (pronounced gick), promises to preserve your principal and to provide a fixed rate of return when you begin to…
Guaranteed renewable policy Your insurance company can't cancel a guaranteed renewable life insurance policy as long as you pay the premium on time.
Guaranteed Replacement Cost Coverage Endorsement that lets you replace your home without subtracting for depreciation, even if it costs more than the policy limit.
Guaranteed Student Loan An extension of credit from a financial institution that is guaranteed by a Federal or State government entity to assist with tuition and other…
Guarantor A party who agrees to be responsible for the payment of another party's debts should that party default.
Guardian A guardian is someone you designate to be legally responsible for your minor children or other dependents who are unable to take care of themselves if you…