Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

GLOBAL POSITIONING SYSTEM (GPS)

To provide satellite ranging, a system of 21 US satellites orbit earth twice a day at an altitude of 10,900 miles. Accurate to within a yard if supplemented by a ground-based transmitter.

GLOSSARY

Brief definitions related to a specific topic alphabetically arranged for reference. Known also as controlled vocabulary.

GOING PRICE

A good’s or service’s price in today’s market.

GOLDEN LIFE JACKET

A part of the compensation package offered, such as large bonuses or company stock options, seeks to keep executives in their current positions when their company is acquired.

GOODWILL TO ASSETS RATIO

Measuring goodwill value over total asset value. Quantifies an intangible for monitoring. As in the saying of too much of a good thing can be bad, too much goodwill can financially impair

GRADUATE MANAGEMENT ADMISSION TEST (GMAT)

Students applying to business schools take this standardized exam. Before applying to a university’s MBA program, 2000 or so schools expect or recommend students to take this exam. Like SATs, this test

GRAPHIC

Representing or depicting an item as an image visually.

GREEN ECONOMICS

Environmental focus as an economic section that correlates relational impacts of economics and environmental positives. Each economic decision must have a focus on the environment is a foundational principle. Economic focus in

GROSS EARNINGS

Un-adjusted, total calculated operational revenue. Pre-expense deduction.

GROSS PARITY

After being translated into US dollars, this is the international equities and convertible securities price value .

GROSS TONNAGE

Another name for gross registered tonnage (Refer to tonnage).

GROUP INCENTIVE PROGRAM

Reductions in costs, increases in productivity, progress in attaining firm’s objectives and the like are measures of performance linking pay to the compensation system.

GUARANTEED MORTGAGE CERTIFICATE (GMC)

A mortgage bond that passes through the Freddie Mac purchasing process. It is resold to investors. Incremental principal is sold and interest is paid semianually. Principal is paid annually.

GUIDE WORD

Words printed on the top of a page in a reference work to help the reader find a word they are looking for. It is on the left or right hand page.

HACCP

The analysis of hazards and control points. It can relate to food and its possible health hazards in its distribution. It prevents contamination and uses food inspectors to do the work. It

HARASSMENT

Repeated conduct that is not wanted and is known to all parties as offensive. Refer to sexual harassment. See, e.g., Is Cyberbullying Illegal?

HARD SKILLS

Strategies taught to people who want careers in finance. It takes a thick skin to handle ups and downs of the profession.

HARRY MARKOWITZ

An economist that made a portfolio theory. An investory will accept a larger profits.It examines risk and profit in a portfolio. He got a Nobel Prize in 1990.

HEADQUARTERS OFFICE

An overseas office that coordinates functions for a central office in the home country.

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