Dr. Harvey's Financial Glossary

Tuesday, March 16, 2010

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Gold standard: An international monetary system in which currencies are defined in terms of their gold content, and payment imbalances between countries are settled in gold. It was in effect from about 1870 to 1914.
Goldbug: Analysts who recommends gold as an investment /hedge.
Golden handcuffs: A contract that binds a broker to a brokerage firm by offering the broker commissions and bonuses, but penalizes the broker if he or she goes to work for another firm.
Golden handshake: A large payment to a senior employee who is forced into retirement or fired as a result of a takeover or simular development.
Golden hello: A bonus a securities firm pays to attract an employee from a competing firm.
Golden parachute: Compensation paid to top-level management by a target_company firm if a takeover occurs.
Goldilocks economy: A term developed in the mid 1990s to describe the positive performance of the economy as "not too hot, not too cold; just right."
Good delivery: A delivery in which everything - order-endorsement, any necessary attached legal papers.
Good delivery and settlement procedures: Refers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, allocation, and proper endorsement.
Good faith deposit: Used in the context of commodities. Refers to the initial margin account deposit needed when buying or selling a futures contract ; approximately 2%-10% of the contract value.
Used in the context of securities to describe the deposit required by securities firms engaged in transactions on behalf of a new client.
Also used to refer to the deposit with a municipal bond issuer by firms competing for the underwriting business.
Good money: Federal funds that clear on the same day, unlike clearinghouse funds, which require three days to clear.
Good through/until date order: Used in the context of general equities. Market or limited price order that remains viable for a stated period of time unless cancelled, executed, or changed, after which such order or the portion thereof not executed is to be treated as cancelled.
Good 'til cancelled order (GTC): An order to buy or sell stock that is good until you execute or cancel it. Brokerages usually set a limit of 30-60 days, at which the G.T.C. order expires if not restated. (Different from a day order.)
Good-this-Month order (GTM): An order to buy or sell securities that continues to be a valid order until the end of the current month.
Goodwill: Excess of purchase price over fair market value of net assets acquired under the purchase method of accounting.
Government bond: See Also: Government securities
Government National Mortgage Association (Ginnie Mae): A wholly_owned_subsidiary U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages.
Government obligations: U.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds.
Government securities: Negotiable U.S. Treasury securities.
Government sponsored enterprises: Privately owned, publicly chartered entities, such as the Student Loan Marketing Association, created by Congress to reduce the cost of capital for certain borrowing sectors of the economy including farmers, homeowners, and students.
Governments: U.S. government-issued securities, such as Treasury bills, treasury_bonds, and notes, and savings_bond. Governments are considered among the safest investments available as they are backed by the U.S. government.
Also used to refer to debt issues of federal agencies, which are not directly backed by the U.S. government.
GP: The ISO 3166 country code for GUADELOUPE.
GPM: See: Graduated Payment Mortgages
GQ: The ISO 3166 country code for EQUATORIAL GUINEA.
GR: The ISO 3166 country code for GREECE.

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