What Is a Golden Hello? The term golden hello refers to a signing bonus offered to executive-level employees. They are usually employed as a way to entice and recruit executives from rival companies. The payment of a golden hello typically comes in the form of a lump sum cash payment or through installments over a specified
What Is a Golden Parachute? A golden parachute consists of substantial benefits given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the merger or takeover. Golden parachutes are contracts with key executives and can be used as a type of anti-takeover measure
What Is the Golden Rule of Government Spending? The golden rule of government spending is a fiscal policy that a government should borrow only to invest, not to fund current spending. In other words, the government should borrow money only to make investments that will produce long-term benefits for the future. Current spending should be
What is the London Gold Fix The London Gold Fix was a method to fix the price of gold per troy ounce in US dollars. It was replaced in 2015 by The London Bullion Market Association, or LBMA, Gold Price. The price continues to be set twice daily at 10:30 and 15:00 London GMT in
What Is a Gold Option? A gold option is an options contract that utilizes either physical gold or gold futures as its underlying asset. A gold call option would give the holder the right, but not the obligation, to buy bullion at a future date at a set price, while a put option would grant the
What Is the Gold Reserve Act of 1934? The term Gold Reserve Act of 1934 refers to a law that took away the title of all gold and gold certificates held by private individuals and institutions and transferred ti to the United States Treasury. The Act, which also included gold held by the Federal Reserve
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
