Secured Loans
Mortgages in which annual increases in monthly payments are used to reduce
outstanding principal and to shorten the term of the loan.
General cash offer
A public offering made to investors at large.
Generally Accepted Accounting Principals (GAAP)
A technical accounting term that encompasses the conventions, rules, and
procedures necessary to define accepted accounting practice at a particular time
in the U.S.
General obligation bonds
Municipal securities secured by the issuers pledge of its full faith, credit, and
taxing power.
General partner
A partner who has unlimited liability for the obligations of the partnership.
General partnership
A partnership in which all partners are general partners.
Generic
Refers to the characteristics and/or experience of the total universe of a coupon
of M.B.S. sector type; that is, in contrast to a specific pool or collateral group, as
in a specific C.M.O. issue.
Geographic risk
Risk that arises when an issuer has policies concentrated within certain
geographic areas, such as the risk of damage from a hurricane or an earthquake.
Geometric mean return
Also called the time weighted rate of return, a measure of the compounded rate
of growth of the initial portfolio market value during the evaluation period,
assuming that all cash distributions are reinvested in the portfolio. It is computed
by taking the geometric average of the portfolio subperiod returns.
