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

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.

GOING LONG

Building a portfolio of bonds, commodities, or stock and shares for long-term, capital gains viewed retention. Known commonly as long positions. Also refer to going short.

GOING PRICE

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

GOING PRIVATE

Transitioning to a closely-held private firm from a public firm with outstanding shares by repurchase of all said shares, taking itself off the open market.

GOING PUBLIC

Called an initial public offering, or IPO, a previously privately-held entity makes its shares available to the public via the open market for the first time.

GOING RATE

Like a commission, discount, or interest, it is some percentage to the existing price.

GOING SHORT

When a trader believes the price of a share, bond, or commodity will lower in the near future, that trader can sell a share, bond, or commodity before actually buying it. On

GOING-CONCERN PRINCIPLE

That in the foreseeable future, a company will continue to operate as it is doing so now, is a significance principle in accounting. When the worth of a running business is compared

GOLD

A commodity traded on the spot and futures market, this is a well-known precious metal. Gold is sold by market contract. 100 troy ounces is a unit of gold in a contract

GOLD FIX

The spot price of gold bullion and gold related contracts the world over is set every business day at 10:30 a.m. and 3:30 p.m., GMT, twice daily, by experts in London, Paris,

GOLD FUND

Securities associated with gold like those for gold mining, refining, and selling are the focus of most or all of the resources this type of mutual fund invests. Known also as precious

GOLD TRANCHE

Each member country of the International Monetary fund (IMF) contributes this amount of gold as part of its membership obligations to the fund. Each country can easily borrow against this amount when

GOLDBRICKS

COMMON STOCKS that appear to be financially sound on the surface, but which feature little substance when examined more closely.

GOLDEN BOOT

To accept a ‘voluntary separation’ or retirement proposal, this incentive is offered to an unwanted employee. Also refer to golden handshake.

GOLDEN BUNGEE

Providing consulting services, public relations gigs, or remaining connected to the company somehow, an executive’s severance package provides generous perks in exchange.

GOLDEN HANDCUFFS

Contractual reasons that keeps a key employee or a former owner working with a firm. A penalty for premature termination could require relinquishing all unvested stock. In exchange, the person might get

GOLDEN HANDSHAKE

A severance or an incentive to leave the firm with no fuss or controversy. Generous bonus offered to a director, employee, or partner at termination. Also refer to golden boot.

GOLDEN HELLO

Incentive to another firm’s employee to join the offering firm.

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.

GOLDEN PARACHUTE

To compensate for loss of office after a takeover or merger, a huge bonus and/or a lucrative contract or a stockholding (shareholding) in the new setup is offered to a director or

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