Secured Loans
A system of fixing exchange rates adopted in the Bretton Woods agreement. It
involved the U.S. pegging the dollar to gold and other countries pegging their
currencies to the dollar.
Gold standard
An international monetary system in which currencies are defined in terms of
their gold content and payment imbalances between countries are settled in gold.
It was in effect from about 1870-1914.
Good
Used in the context of general equities. Including among the group and side (buy
or sell) being discussed during the block call.
Good delivery
A delivery in which everything - endorsement, any necessary attached legal
papers, etc. - is in order.
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery of securities
and notification, allocation, and proper endorsement.
Good through/until date order
Used in the context of general equities. Market or limited price order which is to
be represented in the trading crowd for a stated period of time unless cancelled,
executed, or changed, after which such order or the portion thereof not executed
is to be treated as cancelled.
Good til cancelled order (GTC)
It means an order to buy or sell stock that is good until you execute or cancel it.
Brokerages usually set a limit of 30-60 days, at which the G.T.C. order expires if
not restated. (In contrast to a day order.)
Goodwill
Excess of the purchase price over the fair market value of the net assets
acquired under the purchase method of accounting.
Go to
Used in the context of general equities. Sell interest (Weve got 50 IBM to go).
