Gamma:
The rate of change in an option's delta for a one-unit change in
the price of the underlying stock. See also DELTA.
General Obligation Bond:
A municipal bond, which is backed by the full faith and credit of
a municipality. It includes the authority to raise taxes and/or
borrow to pay back interest and principal. See also MUNICIPAL
BOND.
Ginnie Mae:
Nickname for Government National Mortgage Association (GNMA), a
wholly-owned corporation of the U.S. Government that functions as
part of the Department of Housing and Urban Development (HUD):
Ginnie May Security also represents a pool of mortgages exceeding
$1 million that is packaged from individual home mortgages and
resold to investors who receive both principal and interest, just
like a bank that holds a home mortgage. These securities are
liquid and U.S. Government insured.
Global Funds:
Mutual fund investing primarily in stocks and debt obligations
(i.e. bonds) of foreign governments and/or corporations. Global
bond funds can also be subject to foreign currency exchange risks.
Good-'til-cancelled (GTC) order:
A type of limit order that remains in effect until it is either
executed (filled) or cancelled, as opposed to a day order, which
expires if not executed by the end of the trading day. A GTC
option order is an order, which if not executed will automatically
cancel at the option's expiration.
Government Bonds:
A bond sold by the U.S. government. See also TREASURIES.
Gross Domestic Product (GDP):
A measure of the economy, which includes the value of all products
and services, produced by a nation in a given year. The growth
rate of GDP is used to compare the economic progress of various
nations.
Growth & Income Fund:
A mutual fund that makes purchases for the long-term price
appreciation for long-term price appreciation and also for
potential dividend (or interest) income.
Growth Rate:
The percentage rate at which a company, the economy or stocks are
growing.
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