The Most Comprehensive Financial Dictionary with over 1000 Financial Terms Explained - Clear and Concise Article Style Description with Practical Examples
Financial Words Starting with G 2017-08-15T10:45:35+00:00
G20
The G20 is the combined organization of developed and important developing nations. These countries make up 85% of the global economy and include two thirds of all the people on earth. As the powerful driving engine of the global economy, this group has been recognized as centrally important in tackling issues of world importance. The G20 is comprised of central [...]
G8 Summit
The G8 Summit is a yearly meeting of the leaders of the powerful economies of the world. The annual G8 president for the year hosts the meetings. Technically there is no political or legal authority for the summit, and its outcomes are not internationally binding. Yet when the major eight world leaders concur on an issue, this promises enough authority [...]
Garnishment
Garnishment of wages refers to a legal procedure which results in an employer withholding part of an individual’s earnings so that a debt can be paid. The vast majority of such garnishments occur because of an order from the court. Other types of this form of wage collection happen when either a state taxing agency or the IRS itself levies [...]
General Obligation Bonds
General Obligation Bonds are municipal bonds which are reinforced by the full taxing powers and overall credit worthiness of the jurisdiction which issues them instead of a certain revenue stream from the associated specific project. These special general types of bonds are floated by municipalities under the belief that the jurisdiction will have the resources in the future to pay [...]
Generally Accepted Accounting Principles (GAAP)
Generally Accepted Accounting Principles, more commonly referred to by their acronym GAAP, are the mostly American used set of accounting principles, procedures, and standards. These are utilized by companies to put together their corporate financial statements. Such GAAP proves to be a blend of the most accepted means of reporting and recording accounting data in the United States combined with [...]
George Soros
George Soros is a Hungarian born multi billionaire investor and philanthropist. In his lifetime he has gone from escaped refugee from the Nazis to twenty-first richest man on earth. Besides making billions of dollars through the investments of the hedge fund he started and still manages, he has contributed generously to various charities throughout the world via his foundation. Soros [...]
Georgist Public Finance Theory
Georgist Public Finance Theory refers to an economic school of thought. Also known as geoism, this relates to the idea that economic value which comes from property including natural opportunities and natural resources ought to belong in kind to every individual in a society. They simultaneously believe the production value each individual produces should be owned by each contributing member [...]
Glass Steagall Act
Congress created and passed the Glass Steagall Act in 1933. This legislation arose because of the effects of the 1929 catastrophic stock market crash. Two congressmen came up with this solution in the Great Depression when many banks were failing. The law made separate all activities which involved commercial banking and investment banking. Commercial banks had become heavily involved in [...]
Global Debt
Global debt is an issue that has become especially troublesome since the financial crisis of 2007-2009. Eight years following this crash and Great Recession, the planet is experience a debt problem that has never before been seen in the whole history of the world. Total debt outside of the financial sector has increased by more than double in real dollars [...]
Gold Certificate
A Gold Certificate refers to the world’s original paper bank notes. Beginning back in the 1600s, such certificates based on gold became first issued by various goldsmiths in both London and Amsterdam to their customers who would deposit their gold bullion with them for safe keeping. Such gold certificates became proof of the ownership of gold. After some time elapsed, [...]
Gold Reserves
Gold Reserves are the amount of gold which nations and some international organizations hold to secure the value of their currency or to give credibility to their central bank policies. They are also utilized as a method of making international payments to other nations in order to settle outstanding bills and claims. Such reserves (as a percentage of total reserves) [...]
Gold Roth IRA
Gold Roth IRA’s are IRA’s that are allowed to contain gold and other precious metals. Gold Roth IRA’s make sense for many investors. This is because gold and other precious metals like silver and platinum have been considered to be the greatest form of long term storage for cash and valuables throughout history. This means that gold in particular could [...]
Gold Standard
The gold standard represents a centuries’ used system of money for backing up currencies with tangible, physical gold holdings in a central bank vault. Under the gold standard, the basic economic currency unit proved to be a pre set amount of gold by weight. Several different types of gold standards exist. The Gold specie standard proves to be a system [...]
Goldman Sachs
Goldman Sachs is an American based investment bank. The global company proves to be among the largest and most successful securities, investment banking, and investment management firms. It delivers an extensive variety of financial services to a client base that is diverse and significant. Among its clientele are financial institutions, corporations, individuals, and governments. The group was founded in 1869. [...]
Good Debt
Good debt is debt that benefits a person or business to carry. Such good debts demonstrate both the creditworthiness and the responsibility of a borrower. They also create a good base to build on in the future. There are many examples of good debt, which stands in contrast to bad debt. Good debts are typically those debts that are taken [...]
Government Bonds
Government bonds are debt instruments that governments issue to pay for government expenditures. Within the United States, federal government issues include savings bonds, treasury notes, treasury bonds, and TIPS Treasury inflation protected securities. Investors should carefully consider the risks that different countries’ governments possess before they invest in their bonds. Among these international government risks are political risk, country risk, [...]
Government Debt
Government debt refers to the total amount of government issued IOUs which have not been paid back at any given point. Governments issue such debt any time they chose to borrow money from the public or from overseas nations and companies. As a government borrows this money, it provides government securities that give all of the important information on this [...]
Government National Mortgage Association (GNMA)
GNMA refers to a United States HUD Department of Housing and Urban Development based government corporation. This agency is different from its cousin Freddie Mac as Ginnie Mae is not a private corporation. Rather it is an actual U.S. government agency. The roles of GNMA are two-fold. They are to guarantee there is sufficient liquidity for mortgages which are government [...]
Government Sponsored Enterprise (GSE)
A government sponsored enterprise is a financial service operations that the U.S. Congress created by law. Their purpose is to improve the amount of credit that flows into specific areas of the American economy. They were also intended to help those parts of the capital markets become more transparent and efficient as well as to lessen risks for investors and [...]
Graduated Payment Mortgage (GPM)
A graduated payment mortgage is a special type of home mortgage where payments are low initially and go up over the term of the loan. These are still considered to be a type of fixed rate mortgages as the interest rates are set and pre-determined even when the payments rise. The low upfront payment helps financial institutions to qualify the [...]
Great Depression
The Great Depression represented the most serious economic contraction that affected the world in the twentieth century. It occurred the decade before the Second World War broke out, in the 1930’s. The Great Depression began and ended in differing years in the various countries and economies of the world. In general it started around 1929 and held countries in its [...]
Great Recession
The Great Recession proved to be the worst American and world wide economic downturn since the 1930’s era Great Depression. It began within the U.S. in December of 2007 and is said to have ended in June of 2009 officially. There is ongoing debate with some economists as to whether the full effects of the Great Recession have really ceased, [...]
Grexit
Grexit is the clever abbreviation for the idea of a Greek exit from the Eurozone. The feared event of Greece returning to its old currency until 2001 the Drachma never occurred thanks to a variety of bailouts in exchange for austerity measures. This did not stop it from threatening to collapse several European banks which held Greek debt and infecting [...]
Gross Development Cost (GDC)
Gross Development Cost (GDC) refers to the aggregate costs of a given company project. It could also be called the sum of all means of finance which a company employs on a particular project. This is similarly the total costs which a firm incurs from the conception of to the final implementation of a certain project. Any costs that occur [...]
Gross Domestic Product (GDP)
GDP stands for the entire value in dollars of all goods and services that have actually been produced within the nation in a particular period of time, commonly a year. A simpler way of putting GDP is how large the economy proves to be. The Gross Domestic Product turns out to be among the most closely watched and important measurements [...]
Gross Income
Gross income can be several different things in the United States. In tax law for business, gross income signifies all proceeds realized from every source minus the cost of goods that have been sold. It is also used for individuals and pertains to all income earned from any and every kind of source. As such, it is not simply cash [...]
Gross Margin
Gross Margin is also known as gross profit margin. This concept represents a business formula that companies compute. It is best expressed as the firm’s total revenue less its cots of goods sold which is then divided by the total revenue. This provides the answer as a percentage. In other words, Gross Margins are the percentage of revenues the corporations [...]