What Are Gilts? Government bonds in the U.K., India, and several other Commonwealth countries are known as gilts. Gilts are the equivalent of U.S. Treasury securities in their respective countries. The term gilt is often used informally to describe any bond that has a very low risk of default and a correspondingly low rate of
What Is the Gini Index? The Gini index, or Gini co-efficient, measures income distribution across a population. Developed by Italian statistician Corrado Gini in 1912, it often serves as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The co-efficient ranges from 0 (or 0%) to 1 (or 100%), with
What Is Ginnie Mae Pass-Through? A Ginnie Mae pass-through is an investment issued by the Government National Mortgage Association (GNMA), known as Ginnie Mae, that draws income from pools of Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) mortgages. Ginnie Mae pass-through securities earn income from the interest and principal payments made on mortgages
What Is Ginzy Trading? Ginzy trading is the practice of selling part of an order at the offer price and then the remainder to the same broker at the lower bid price. The goal is to achieve an average price on the order that falls somewhere in between the current bid-ask spread. Once popular in floor-trading
What Is Give-Up? Give-up is a procedure in securities or commodities trading where an executing broker places a trade on behalf of another broker. It is called a “give-up” because the broker executing the trade gives up credit for the transaction on the record books. A give-up usually occurs because a broker cannot place a
What Is the Glass Ceiling? The term glass ceiling refers to a metaphorical invisible barrier that prevents certain individuals from being promoted to managerial- and executive-level positions within an organization or industry. The phrase is commonly used to describe the difficulties faced by women and minorities when trying to move to higher roles in a
What Is a Glass Cliff? The term “glass cliff” refers to a situation in which women are promoted to higher positions during times of crisis or duress, or during a recession when the chance of failure is more likely. Put simply, women in these situations are set up for failure. The term was coined by
What Is the Gramm-Leach-Bliley Act of 1999 (GLBA)? The Gramm-Leach-Bliley Act of 1999 (GLBA) was a bi-partisan regulation under President Bill Clinton, passed by Congress on November 12, 1999. The GLBA was an attempt to update and modernize the financial industry. The GLBA is most well-known as the repeal of the Glass-Steagall Act of 1933, which stated
What Is a Global Recovery Rate (GRR)? The global recovery rate (GRR) refers to the amount that a business recovers from fraud-related losses. It may also be used to describe the chances of collecting from loan facilities that may be recoverable given a borrower’s potential for default. Key Takeaways The global recovery rate is the
What Is a Global Fund? A global fund is a fund that invests in companies located anywhere in the world including the investor’s own country. A global fund seeks to identify the best investments from a global universe of securities. Global funds may also be passively managed. A global fund can be focused on a single
