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gearing
Measure of the degree to which a business is funded bydebt rather than shareholders' equity. The US expression for the samething is leverage. A highly geared company carries a lot of debt.
gilt-edged securities
UK government bonds. Often used as a synonym for high quality. The securities are known as gilts, the market is the gilt market.
gilt strips
The UK government's equivalent of zero-dividend bonds. Thereturn comes as capital gain.
global custody
A global custodian, usually a bank, ensuresclients’ cross-border investments are safe and sound.
greenmail
In the US, payment by a takeover target to a potentialbidder, usually to buy back acquired shares at a premium in return forthe predator not pursuing the bid.
grey market
Unofficial trading of securities before their formal issue.
gross domestic product (GDP)
Total value of all goods andservices produced domestically each year by a country. It equals grossnational product minus income from abroad. Most countries use thisdefinition; US official statistics use gross national product.
gross national product (GNP)
Total value of goods and servicesproduced each year by a country. Real growth in GNP measures theincrease in output after subtracting the effect of inflation.
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