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
What Is Globalization? Globalization refers to the spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade. Key Takeaways Globalization is the spread of products, technology, information, and jobs across nations.Corporations in
What Is a Global Registered Share (GRS)? A global registered share (GRS), or a global share, is a security that is issued in the United States, but it is registered in multiple markets around the world and trades in multiple currencies. With global shares, identical shares may trade on different stock exchanges and in various currencies across
What Are Strategic Petroleum Reserves? Strategic petroleum reserves (SPRs) are stockpiles of crude oil maintained by countries for release in the event of a supply disruption. The U.S. Strategic Petroleum Reserve (SPR) is the world’s largest with an authorized maximum capacity of 727 million barrels. The U.S. government has historically tapped into its SPR following manmade
What Is Glocalization? Glocalization is a combination of the words “globalization” and “localization.” The term is used to describe a product or service that is developed and distributed globally but is also adjusted to accommodate the user or consumer in a local market. A common example would be cars that are sold worldwide but adjusted to
