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Gap - Difference between a stock's price at the opening of a trading day compared to the previous trading day’s closing price. For example, if XYZ Corp. opened on Tuesday at 102 5/8 after closing Monday at 99, then it is said that "XYZ gapped up 3 5/8 at the open." Stocks often gap up or down on news released between trading sessions.
General Obligation Bond - Municipal bond secured by the general taxing authority of the issuing municipality rather than from revenues of a specific project or taxing authority.
General Partnership - Form of corporation where all owners share in the profits, losses and management responsibilities. (See "Limited Partnership")
Ginnie Mae - Nickname for the Government National Mortgage Association (GNMA) and securities it issues. GNMA is a wholly-owned U.S. government corporation that underwrites, or invests, in real estate loans and sells mortgage-backed securities to investors to raise monies to fund home and business loans.
Good Delivery - Refers to the successful transfer of a security pursuant to a transaction between a buyer and seller. If a security is sold and the underlying certificate or other evidence of ownership is not properly transferred, then a good delivery has not occurred.
Good till Cancelled Order - Order to buy or sell a security at a limit for an indefinite period of time; often used with limit orders for illiquid securities.
Growth Fund - Mutual fund that invests primarily in shares of growth stocks toward a goal of capital appreciation.
Growth Stock - Generic term for any stock that appeals to investors seeking appreciation of capital rather than for current income or asset preservation. In spite of the wide range of stocks that sometimes are called "growth" stocks, most investors exclude any stocks that pay significant dividends or are in highly regulated industries such as utilities. Accordingly, companies ranging from Microsoft to small upstarts are often called growth stocks.
Guru - Slang term for any pundit, analyst or financial journalist who regularly publishes opinions, predictions and recommendations about securities or other stock market topics. |