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moneygirl Glossary ~ GH

Submitted by on January 14, 2011 – 7:11 pmNo Comment

The GH’s of Money

GAAP: Generally Accepted Accounting Principles; the recommended rules and procedures for recording and reporting financial information.

Gadfly: A nickname for a person who holds stocks in various companies and likes to attend annual meetings and ask senior management difficult and often embarrassing questions.

Gaijin: A Japanese term used to describe a non-Japanese investor (an outsider).

Gain: Profit made through selling a security for more than the original cost.

General Agreement on Tariffs and Trade (GATT): A United Nations treaty aimed to eliminate trade barriers between member countries.

General Ledger: Accounting records that show all the financial accounts and statements of a business.

Going public: When a private company first offers shares to the public market in an IPO (initial public offering).

Gold bars: Bars with a minimum of 99.5% gold, which may be held by central banks or traded by investors.

Gold bullion: Investment-grade, pure gold, which may be smelted into gold coins or gold bars.

The Great Depression: A massive global economic recession that lasted from 1929 to 1941. The U.S. stock market suddenly dropped or “crashed” which led to huge bank failures, high unemployment, low production and very limited investment.

Greenback: U.S. paper currency / money.

Gross Domestic Product (GDP): The total market value of a nation’s goods and services produced over time. It is one the primary indicators used to measure the health of a country’s economy.

Gross earnings: An employee’s salary or wage prior to deductions or benefit contributions; a person’s total taxable income prior to adjustments.

Gross National Product (GNP): It is a measure of a country’s total economic activity over a period of time, usually yearly or quarterly. The GNP has been considered a very important indicator of the condition of a country’s economy.

Gross profit: Sales minus the cost of goods sold (i.e. the difference between the selling price of an item and the cost of an item).

Gross sales: A measure of overall sales calculated by adding all sales invoices; total sales before deducting customer discounts, allowances for returns, or other adjustments.

The G–5: The five leading countries – France, Germany, Japan, the United Kingdom, and the United States – who meet regularly to cooperate on economic issues.

The G–7: The G–5 countries, plus Canada and Italy.

The G–8: The G–7 countries, plus Russia.

Guarantee: The promise of payment for a debt or some other obligation.

Guaranteed Investment Certificate (GIC): An investment where it is agreed that a specific premium or interest rate will be paid upon a specific date.

Guarantor: a person or organization that guarantees repayment of a loan if the borrower is unable to pay or defaults.

Guardian: An individual, trust or institution appointed by a Court to care for a minor or incapacitated person, and his or her property.

Hammering the market: Heavy selling of stocks in the market by speculators who believe stocks are overvalued.

Hang Seng index: The major stock index in Hong Kong.

Hard currency: Currency of a country that is not expected to depreciate or lose value in the near future.

Hawkish: It is an aggressive tone or stance. In finance, it is a term used to describe someone who favours a rise in interest rates.

Hedge: Any transaction which reduces risk of an investment.

High-tech stock: Stocks from technology companies.

High-jacking: Japanese term for a takeover.

Highs: Stocks that have hit an all-time high in a 52 week (one year) period.

Hostile takeover: A takeover by one company that is resisted by the board of directors and the current management of the targeted company. The takeover becomes hostile when the potential acquirer bypasses the board of directors and takes its offer directly to shareholders.

House poor: People who have most of their money tied up in their homes and do not have money for other things.

Human capital: The capability, education and expertise of individuals.

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