Business / Finance Glossary

Gift Inter Vivos: 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.

Gift Splitting: A piece of property or asset given from one living person to another.

Gift Tax: A technique used to avoid a gift tax in which a large sum of money to be given by two parents to a child is halved and given to the child separately For example, a husband and wife each dona . . . View Full Definition

Gilt-Edged Securities: A tax assessed on the giver of a property or asset as a gift. A $10,000 federal gift tax exemption exists per recipient. See: Gift splitting.

Gilts: British and Irish government securities. Blue Chip.

Ginnie Mae Pass-Through: British and Irish government securities. Blue Chip.

Give Up: A security guaranteed by the Government National Mortgage Association that is backed by a collection of mortgages, in which the investor receives the interest and principal payments of parti . . . View Full Definition

Glamor Stock: Used for listed equity securities. (1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B (a member firm b . . . View Full Definition

Glass-Steagall Act: A popular stock characterized by high earnings growth rate and a price that rise is faster than the market average in a bull market.

Global Bonds: 1933 legislation prohibiting commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.

Global Depository Receipt: Bonds designed to qualify for immediate trading in any domestic capital market and in the Euromarket.

Global Fund: A receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world.

Globalization: A mutual fund that can invest anywhere in the world, including the U.S.

GNMA Midget: Tendency toward a worldwide investment environment, and the integration of national capital markets.

GNMA-I: A GNMA pass-through certificate backed by fixed-rate mortgages with a 15-year maturity. GNMA Midget is a dealer term and is not used by GNMA in the formal description of its programs.

GNMA-II: Mortgage-backed securities (M.B.S.) on which registered holders receive separate principal and interest payments on each of their certificates, usually directly from the servicer of the M.B. . . . View Full Definition

Gnomes: Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all their certificates. Principal and inter . . . View Full Definition

Go Along: Freddie Mac's 15-year fixed-rate pass-through securities issued under its cash program.

Go Around: Used for listed equity securities. Buy or sell at prices that randomly occur on the floor, participating in what trades the specialist and other players will allow.

Go To: Describes the N.Y. Federal Reserve Bank's trading desk practice of communicating with primary dealers to establish a market of bids and offers on behalf of the Federal Open Market Committee.

Go-Go Fund: Used in the context of general equities. (1) Trades ('10 IBM goes on at 115 '); see Print; (2) indicates a change in the stock's inside market ('Apple goes 3/4 bid').

Goal: Used in the context of general equities. Sell interest ('we've got 50 IBM to go'.).

Godfather Offer: An individual's or institution's financial objective.

Goes: An aggressive takeover technique in that the proposed offer of the acquiring company is so large that management of the target company cannot refuse, out of fear of lawsuits or shareholder revolt.

Going Ahead: A type of mutual fund in highly aggressive growth stocks. The fund has high levels of risk and potential return.

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