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

GLOBAL

All countries; all peoples. Interchangeable with international, except for mutual funds. A global fund is worldwide, while an international fund is all other countries except the United States. Known also as worldwide

GLOBAL CARBON BUDGET

In the carbon cycle where carbon exchanges occur between the earth’s carbon reservoirs of land mass and the atmosphere, this is the sum of all of these exchanges, both inflows and outflows,

GLOBAL COORDINATOR

Typically, one who oversees a global public offering. Often called a manager of the offering. One who is also responsible for coordinating the activities of all lead managers and underwriters. These underwriters

GLOBAL CROSSING

A telecommunications company accused of reporting revenues that were in fact trades of communication capacity with other telecom companies that were not financial transactions. Charged in 2005 by the SEC with illegal

GLOBAL CUSTODY

For securities traded and settled in any country by banks recognized as ‘global custodians’, these are custodial services these banks provide.

GLOBAL DEPOSITORY RECEIPT (GDR)

Issued by one country’s bank as negotiable certificate. Traded on the stock exchange of another country against a certain number of shares held in its custody. Can be bought and sold like

GLOBAL DEPOSITORY SHARE (GDS)

COMMON STOCK issued by a nonlocal company in a local marketplace. GDSs, generally denominated in the local currency (and occasionally in US dollars), are typically registered with local regulators and may be

GLOBAL DISTRIBUTION SYSTEM (GDS)

Reservation network used world-wide as a single point of access by travel agents, online reservation sites, and large corporations. Computerized, it includes reserving most travel related items like airline seats, hotel rooms,

GLOBAL ECONOMY

Intertwined economic activity of various countries considered worldwide by their impact on other countries negatively or positively. Examples are the faltering European governments and their impact on the financial markets world wide.

GLOBAL INFORMATION INFRASTRUCTURE (GII)

Proposed telecommunications and information technology networks as a governmental and nongovernmental, worldwide infrastructure. Its objective is dissemination of information and remote collaboration spurring faster and greater economic growth.

GLOBAL INTERDEPENDENCE

World-wide, mutual dependence. Perceived as each country depending on, and depended on other countries. Comes from the importing and exporting of goods and services. Has been the source that highly contributes to

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

GLOBAL OFFERING

Securities made available in markets across the globe at the same time. A global offering include Europe’s, North American and the Far East. Simultaneous offering in multiple markets of these securities.

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.

GLOBAL PRICING CONTRACT

A supplier must charge the same price to customers by contract for the delivery of parts and services around the world. this practice very popular due to the benefits from worldwide price

GLOBAL QUOTA

A nation’s commitment of how much it will import from all countries.

GLOBAL RECESSION

Economic decline becoming worldwide in its impact. Long-term decline in Europe’s markets cause decline in the US and vice versa.

GLOBAL RECOVERY RATE

A global measurement of the quantity of entities recovering at least 60 percent of financial losses due to corporate fraud. Purchasing economic crime insurance and early detection of fraudulent activities are methods

GLOBAL RESEARCH ANALYST SETTLEMENT

In response to the 2003 mutual fund scandal, a fund was formed in the settlement to educate consumers and retail investors about investing and finance. A large number of major US investment

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