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General Average
Provision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.
General Average Contribution
The amount of money paid by each shipper involved in a General Average.
General cash offer
A public offering made to investors at large.
General ledger
Accounting records that show all the financial statement accounts of a business.
General lien
An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.
General loan and collateral agreement
The agreement governing the broker-dealer's borrowing against listed_security from a bank for the purpose of carrying on business and making transactions. See: Broker loan rate.
General mortgage
A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.
General obligation bonds
municipal_bond securities secured by the issuer's pledge of its full faith, credit, and taxing power.
General Order
A penalty imposed on imported goods that are not promptly cleared through customs.
General partner
A participant who has unlimited liability for the obligations of a partnership.
General partnership
A partnership in which all participants are general partners
General revenue
The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice.
Generally Accepted Accounting Principles (GAAP)
The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.
Generation-skipping transfer or trust
A trust in which a principal amount is placed in a trust on the death of person A and is transferred to A's grandchildren when A's children die. The income from the trust goes to the children of person A while they survive.
Generic
Describes the characteristics and/or experience of the total universe of a coupon of MBS sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue.
Generic credit spread
Refers to the corporate bond spread for a particular credit rating and expiry. For example, 10-year single A corporates were priced or trading at 130 basis_point above Treasuries last night, or said diffrently, 130 is the generic credit spread for 10-year single A corporates.
Genetic Algorithms
Models that optimize rules by mimicking the Darwinian Law of survival of the fittest. A set of rules are chosen by those that work the best. The weakest are discarded. In addition, two successful rules can be combined (the equivalent to genetic cross-overs) to produce offspring rules. The offspring can replace the parents, or they will be discarded if less successful than the parents. Mutation is also accomplished by randomly changing elements. Mutation and cross-over occur with low probability, as in nature.
Geographic risk
Risk that arises when an issuer issues policies concentrated within certain geographic areas, such as the risk of damage from a hurricane or an earthquake.
Geometric mean return
Also called the time-weighted rate of return, a measure of the compound rate of growth of the initial portfolio market value during the evaluation period, assuming that all cash distributions are reinvested in the portfolio. It is computed by taking the geometric average of the portfolio subperiod_return.
Gestation repo
A reverse_repo agreement between mortgage firms and securities dealers. Under the agreement, the firm sells federal agency-guaranteed MBS and simultaneously agrees to repurchase them at a future date at a fixed price.
Get hit
Go lower in price, when bids in the stock or market are hit, causing those bids to vanish and be replaced by lower ones. Come in. Antithesis of on the take.
Get out
Used in the context of general equities. Sell interest ("We could get out big size in Humana.")
GF
The ISO 3166 country code for FRENCH GUIANA.
GH
The ISO 3166 country code for GHANA.
Ghosting
The illegal practice that one firm drives a stock's price higher or lower, while other conspiring firms follow its lead to influence up the price of the stock.
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