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

GIGABYTES (GB)

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

GIGAFLOP (GFLOPS)

The number of floating point operations per second a computer can do equals one billion (10^9).

GIGAWATT (GW)

Equivalent to: 1.34 million horsepower or one thousand megawatts or one billion (10^9) watts. Supply enough power to a medium size city. A unit of electric power.

GIGAWATT HOUR (GWH)

Equivalent to: 3.41 billion British thermal units (Btu) or 3.6 terajoules or one thousand megawatt hours or one billion (10^9) watt hours. A unit of electrical energy.

GILT

Security/stock pages’ edges were gilded in the past. Traded on the London stock exchange (LSE) and issued by the UK government, these are long-term fixed income debt security bonds. LSE is now

GILT EDGED SECURITY

Such securities once had gilded edges. High-grade bond, known to pay its obligations on time and in full. Issued by a stable firm with a long record of consistent earnings, or a

GILT-EDGED MARKET-MAKER (GEMM)

A PRIMARY DEALER in GILTS that commits to quoting twoway prices and bidding competitively at primary auctions. While GEMMs were once required to be separately capitalized legal entities, they may now form

GINI INDEX

Based on Lorenz Curve, a standard economic measure of income inequality. Perfect equality in income distribution scores 0.0 on the Gini scale for that society. Higher the inequality, higher the number over

GINNIE MAE I

Generally collateralized by a single pool of mortgages this US pass-through mortgage securities pays interest and principal separately.

GINNIE MAE II

Generally collateralized by multiple pools of mortgages this US pass-through mortgage securities pays interest and principal separately.

GINZY TRADE

Buying or selling a high volume of stocks or bonds for less than the security’s current value. This type of trade is deemed to be inappropriate behavior.

GIRO

A system of physical or electronic payment transfers for consumer purchases, used primarily in Europe and Japan. The giro results in a direct transfer of funds from the consumer, payer, or debtor

GIVE UP

Highly scrutinized, most investment firms avoid this practice. Who is entitled to the commission fee on a transaction that an investment broker posts for another investment broker but takes record of full

GIVE-UP

A brokered trade executed on behalf on another party; once executed, the name of the party to the trade is

GLAMOR STOCK

Sold at high price-earnings ratios and believed to rise faster than the rest of the market, this type of stock is popular due to the high earnings growth rate. Favorably viewed by

GLASS

transparent material, Solid but easily breakable. Man-made; does not break down organically. material that is usually and breaks easily. For example, used for windows, eye glasses, and bottles. Made by fusing sand,

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

GLASS COVERAGE FORM

Commercial glass insurance, for example, plate glass covered by a form specifically.

GLASS-STEAGALL ACT

Prohibited commercial banks from investment speculation. Speculation caused the collapse of many banks during the Great Depression. Became US law in 1933. Today, banks own brokerage firms and mutual funds and act

GLITCH

A small error or nuisance malfunction. Though small, this error can impact an entire operation, preventing smooth, efficient execution. More of a techie term. For example, font color of a web page

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