What Is a Guaranteed Minimum Withdrawal Benefit (GMWB)? A guaranteed minimum withdrawal benefit (GMWB) is a type of rider or contract attached to some annuity insurance policies. It guarantees the policyholder a steady stream of annual withdrawals via the return of all premiums paid into the contract, regardless of an investment’s performance, through a series of annual
What Is the Guinea Franc (GNF)? GNF is the currency abbreviation for the Guinea franc, the national currency of the Republic of Guinea, a country in West Africa. The Republic of Guinea was formerly known as French Guinea; today it is often referred to as Guinea-Conakry, which refers to the name of its capital city
What Is Gross National Product (GNP)? Gross national product (GNP) is an estimate of the total value of all the final products and services turned out in a given period by the means of production owned by a country’s residents. GNP is commonly calculated by taking the sum of personal consumption expenditures, private domestic investment
What Is Goal-Based Investing? Goal-based investing is a relatively new approach to wealth management that emphasizes investing with the objective of attaining specific life goals. Goal-based investing (GBI) involves a wealth manager or investment firm’s clients measuring their progress towards specific life goals, such as saving for children’s education or building a retirement nest-egg, rather than focusing
What Is Goal Seeking? Goal seeking is the process of finding the correct input value when only the output is known. The function of goal seeking can be built into different kinds of computer software programs like Microsoft Excel. Key Takeaways Goal seeking is finding the correct input when only the output is known. This is
What Is Go-Around? Go-around is the Federal Reserve’s process for soliciting bid or offer prices from primary dealers for open market operations (OMO). OMO is when the central bank buys or sells Treasury securities in the open market in order to add or remove money from the money supply. This process involves an auction that requires
What Is a Godfather Offer? A Godfather offer is an irrefutable takeover bid made to a target company by an acquirer. Typically, the offer is priced at an extremely generous premium compared with the target’s prevailing share price, making it difficult for management to reject the bid without angering shareholders and being accused of breaching
What Is Going Public? Going public is the process of selling shares that were formerly held privately and are now available to new investors for the first time, otherwise known as an initial public offering (IPO). Key Takeaways The process of a company going public involves several important and sensitive steps that protect the company
What Is Goizueta Business School? Goizueta Business School is the business school at Emory University, located in Atlanta, Georgia. Founded in 1919, the school offers both undergraduate and graduate programs. The Goizueta Business School is well-known for its focus on providing practical work experience and for having a close-knit student community. In recent years, the
What Is a Gold Fund? A gold fund is a type of investment fund that holds assets related to gold. The two most common types of gold funds are those holding physical gold bullion, gold futures contracts, or gold mining companies. Gold funds are popular investment vehicles among investors who wish to hedge against perceived
