Glossary G

Section G


An increase in value, as of an asset. Opposite of loss.

Garvee Bonds

Grant Anticipation Revenue Vehicles. Named in part after the former head of the Federal Highway Administration, GARVEE bonds are secured by a pledge of future anticipated Federal highway grant money, as well as a pledge of current grant receipts. GARVEE's may also carry additional security, such as a state revenue pledge or general obligation pledge. Generally, future Federal grant monies would be contingent upon Congressional reauthorization.

General Mortgage Fund

A mutual fund that invests a minimum of 65% of its assets in a broad range of mortgage or mortgage-related securities, including those issued by the U.S. government and by government related and private organizations.

Ginnie Mae ® -The Government National Mortgage Association (GNMA)

a governmental agency that offers special assistance in obtaining FHA-insured and VA-guaranteed mortgages.

Global Asset Allocations

Global Asset Allocations seek both income and capital appreciation by determining the optimal percentage of assets to place in domestic and foreign stocks, bonds, and cash.

Global Equity Funds

A mutual fund that invest primarily in domestic and foreign equity securities of any market capitalization. Income is usually incidental.

Global Income Fund

Global Income Mutual Funds invest a minimum of 65% in fixed income securities issued by domestic and/or foreign governments.

Good Till Cancelled (GTC)

The term for a buy or sell order that requires an order to remain in effect until executed or cancelled.

Gross Debt

The total amount of a debtor's obligations.

Growth & Income Funds

Growth & Income Mutual Funds seek both capital appreciation and income primarily by investing in equities with a level or rising dividend stream.

Growth Stock

The stock of a corporation whose revenue and earnings are growing at an above-average rate; usually marked by a relatively high price/earnings ratio.

Growth Style

Style of investing that emphasizes capital appreciation. Style is generally characterized by high levels of real or potential earnings; lower dividends (profits are reinvested in company to drive future growth); and higher price-to-earnings ratios (vs. overall market) when securities are traded.


A promise by a third party or government agency to repay a loan to the lender in the event that the borrower cannot. Fannie Mae and Freddie Mac guarantee loans.