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Personal Finance Glossary



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GAAP
"GAAP" or "Generally Accepted Accounting Principles" are the overall rules and procedures that... more
 
Gain
"Gain" is the increase in value of an investment or asset. It can be contrasted with loss, a... more
 
Gambling Income
"Gambling income" is money received as the result of playing games of chance or wagering on events,... more
 
Gambling Loss
"Gambling loss" is money lost as the result of playing games of chance or wagering on events, such... more
 
Garnishment
"Garnishment" refers generally to a legal process undertaken by a creditor to take a portion of a... more
 
GDR
A "global depositary receipt" or "GDR" is a financial instrument that is held in a bank in one... more
 
General Ledger
A "general ledger" is the accounting records of a business that set forth all of its financial... more
 
General Obligation Bond
A "general obligation bond" or "GO Bond" is a municipal bond (a debt investment) that is backed by... more
 
General Partner
A "general partner" is a member of a general or limited partnership and who has unlimited liability... more
 
General Partnership
A general partnership is a form of business entity in which all partners have unlimited liability... more
 
General Power of Attorney
A "general power of attorney" is a legal document that allows one party to act as an agent on... more
 
Generally Accepted Accounting Principles
"Generally Accepted Accounting Principles" or "GAAP" are the overall rules and procedures that... more
 
Generation-Skipping Trust
A "generation-skipping trust" is a form of legal trust that designates that a person's assets... more
 
GIC
A "GIC" or "guaranteed investment contract" is a debt instrument issued by an insurance company in... more
 
Gift Tax
A "gift tax" is a tax assessed on the gift giver of an asset or property. Federal law provides for... more
 
Ginnie Mae - Government National Mortgage Association
The Government National Mortgage Association (GNMA), also called "Ginnie Mae", is a U.S. government... more
 
Global Bond
A "global bond" is a bond issued by a company in one country and sold on the exchange in another... more
 
Global Depositary Receipt
A "global depositary receipt" or "GDR" is a financial instrument that is held in a bank in one... more
 
Global Fund
A "global fund" is a mutual fund that holds a portfolio of securities from around the world. Global... more
 
GNMA
The Government National Mortgage Association (GNMA), also called "Ginnie Mae", is a U.S. government... more
 
GO Bond
A "GO bond" or "general obligation bond" is a municipal bond (a debt instrument) that is backed by... more
 
Going Private
"Going private" refers to the act of a public company being bought by a group of private investors... more
 
Going Public
"Going public" or "IPO" refers to a private company first offering its shares to the... more
 
Golden Parachute
A "golden parachute" is a term used to describe a contract clause in a company executive's... more
 
Government Obligations
"Government obligations" are U.S. government-backed debt instruments, such as Treasury bonds,... more
 
Grace Period
"Grace period" typically refers to the time period specified in a loan agreement or credit card... more
 
Grantor
A "grantor" can be the person (individual or corporation) that makes a grant to another person. For... more
 
Grantor Retained Annuity Trust
A "grantor retained annuity trust" or "GRAT" is a trust with a set expiration date into which the... more
 
Grantor Retained Income Trust
A "Grantor Retained Income Trust" or "GRIT" is a trust where the grantor transfers property to a... more
 
GRAT
A "GRAT" or "grantor retained annuity trust" is a trust with a set expiration date into which the... more
 
Greater Fool Theory
The "greater fool theory" holds that a person can buy any investment, whether overpriced or not,... more
 
Greenmail
"Greenmail" is the practice of acquiring a large portion of the shares of a company and then... more
 
Greenshoe Option
A "greenshoe option," also called an over-allotment option, gives the underwriter (usually an... more
 
GRIT
A "Grantor Retained Income Trust" or "GRIT" is a trust where the grantor transfers property to a... more
 
Gross Income
"Gross income" typically refers to a person's taxable income received, including wages, tips,... more
 
Gross Lease
In a "gross lease," the owner of the property--the landlord--is responsible for most if not all... more
 
Gross Margin
"Gross margin" is the ratio of gross profit to net sales, expressed as a percentage. It is... more
 
Gross Profit
"Gross profit" is a company's net sales minus the cost of the goods sold. The revenue is... more
 
Gross Profit Margin
"Gross profit margin" is the ratio of a company's gross profit to its net sales. Gross profit... more
 
Gross Sales
"Gross sales" is the total value of sales before deducting discounts and returns. The figure... more
 
Gross Spread
The "gross spread" is the price at which a security is offered to the public minus the price at... more
 
Ground Lease
A "ground lease", also referred to as a land lease, is a lease agreement in which the lessee leases... more
 
Growth Company
A "growth company" is a company with cash flows or earnings that appreciate quickly relative to the... more
 
Growth Fund
A "growth fund" is a mutual fund that invests primarily in growth... more
 
Growth Stock
A growth stock is stock in a company with cash flows or earnings that appreciate (or are expected... more
 
Guaranteed Investment Contracts
A "guaranteed investment contract" or "GIC" is a debt instrument issued by an insurance company in... more
 
Guardian
A "guardian" is a person or institution with the legal responsibility to care for a minor or some... more
 
Gun Jumping
"Gun jumping" is the illegal practice of selling shares of stock or soliciting offers for shares... more
 

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