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

Category: Finance Dictionary

FULL REPORTING CLAUSE

Commercial insurance requirement for periodic (annual?) reporting of asset value to the insurer by the policyholder. Coverage sufficiency for the asset is assessed for potential loss. A failure-to-report-accurate-value penalty is included.

FUNDAMENTAL

Foundational; bottom-line component; vital point; without this item, nothing constructive can be built; a core or key aspect of something bigger.

FUTURE

An EXCHANGETRADED DERIVATIVE contract that permits the purchaser to buy, and the seller to sell, an ASSET at a predetermined future price and delivery date. Standardized futures contracts are available on assets/securities

FUTUROLOGY

Using several methodologies, like computer modeling and Delphi method, in an intensive study of historical and current trends as a systematic attempt to predict future developments. Contingency, long range, and strategic planning

GAMBLING

Betting; wagering. Results in either a gain or total loss of wager, the money or asset put up. Neither risk-taking nor investing, nor like insurance. Risk taking or speculation takes on substantial

GARMAN KOHLHAGEN MODEL

Foreign exchange’s European call option value estimating formula. Risk-free interest rate paid on foreign currency is a continuous dividend yield in this formula. Borrowing and lending takes place at the same interest

GAUGE REPEATABILITY & REPRODUCIBILITY (GR&R)

Measurement accuracy determination. Confirming a test result by several measurements taken by the same person are identical in value, setting its repeatability, and several measurements taken by different persons are identical in

GENERAL AND ADMINISTRATIVE EXPENSE (G&A)

Accounting for expenditures not directly associated with goods or services production. Money spent in operating a business for typical things, such as rent, salaries, telephone charges, and the like.

GENERAL STRIKE

Seeking to extract concessions, this type of labor stoppage tries to paralyze a country or regional economy. Far-reaching labor stoppage in most or all industries. Rare in developed countries. The last one

GENERIC NAME

Once exclusive, unique brand names that now identify a category for all brands under this respective category of products. Fridge (refrigerator), PC (desktop computer), Thermos (vacuum flask) are some examples. Generic names

GEOMETRIC BROWNIAN MOTION

A lognormal, continuoustime STOCHASTIC PROCESS where the movement of a variable, such as a financial ASSET price, is random in continuous time; the instantaneous return (defined as the change in the price

GIGABYTES (GB)

One billion bytes. Exponential: 2^30; As a number:1,073,741,824.

GLASS CEILING

The next stage or level of advancement barred by some invisible barrier. Although illegal, such practices exist in most countries. Age, ethnicity, political or religious affiliation, and/or sex are typical barriers. A

GLOBAL MARKETING

To reach international markets and their community, an entity engages a process of conceptualizing and conveying a final product or service worldwide. It is especially important to companies that provide products or

GLOBEX

Electronic trading platform for futures and option contracts that is the Chicago Mercantile Exchange. It is a virtually continuous worldwide market. It opens for trading Sunday evening, staying open roughly 23 hours

GOING INTO THE TRADE

Just before an order hits the exchange floor, stock placement is expected as well as a trader’s position ability to handle it.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.