Over 10,000 financial glossary terms...
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The two-character ISO 3166 country code for GRENADA.
GDP Implicit Price Deflator Definition:
An economic technique used to account for inflation by comparing the current-dollar gross domestic product GDP to >constant-dollar GDP as a ratio. The ratio accounts for price changes of goods and services that make up GDP and changes in the composite of GDP.
The two-character ISO 3166 country code for GEORGIA.
GEM (growing Equity Mortgage) Definition:
Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.
General Account Definition:
Federal Reserve Board's term for a margin account provided to a customer by a brokerage firm. Governed by Regulation T of the FED.
General Average Definition:
Provision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.
General Creditors Definition:
Entities, including uninsured depositors, suppliers, trades people, and contractors,
with unsecured claims against a failed financial institution.
General Ledger Definition:
Accounting records that show all the financial statement accounts of a business.
General Lien Definition:
An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.
General Loan And Collateral Agreement Definition:
The agreement governing the broker-dealer's borrowing against listed securities from a bank for the purpose of carrying on business and making transactions. See: Broker loan rate.
General Mortgage Definition:
A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.
General Obligation Bonds Definition:
Municipal securities secured by the issuer's pledge of its full faith, credit, and taxing power.
General Order Definition:
A penalty imposed on imported goods that are not promptly cleared through customs.
General Partner Definition:
A participant who has unlimited liability for the obligations of a partnership.