Related Words

Pretty Good Privacy (PGP): Software used to encrypt and protect email as it moves from one computer to another and can be used to verify a sender's identity.

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 productive work force. Those factors . . . View Full Definition

Good-Faith Estimate: A preliminary accounting of expected closing costs. The Real Estate Settlement Procedures Act (RESPA) requires the lender to promptly give loan applicants a good-faith estimate of closing costs.

Good-This-Month Order (GTM): 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 . . . View Full Definition

Good Try: Good shot on the key pin or the target wood.

Good Til Cancelled Order (GTC): 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 p . . . View Full Definition

Good Samaritan Laws: With respect to food and agriculture programs, these laws are designed to encourage the donation of food and grocery products to nonprofit organizations serving the needy by minimizing the r . . . View Full Definition

Good Through-Until Date Order: Federal funds that clear on the same day, unlike clearinghouse funds, which require three days to clear.

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. When the security reaches the price you've indicated, the trade . . . View Full Definition

Goodbye Message: An email message sent automatically to a list member who unsubscribes, acknowledging the request. Always include an option to resubscribe in case the unsubscribe was requested accidentally.