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Once you have obtained excellent credit, it is necessary for you to protect it.                                             

Financial Glossary
Understanding Financial, Credit, & Real Estate Terms


 A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | XYZ  

Garnishment  —  A notice to an employer or other asset holder requiring that monies, wages, or property due a debtor be withheld and given a creditor to be applied to a specific debt in arrears.

General obligation bond  —  A type of municipal bond backed by the full faith and credit of the governmental unit that issues it.

Global economy  —  International economic activity which includes the world-wide integration of markets for goods, services, labor, and capital.

Gold exchange standard   —  A variant form of the gold standard under which a country pegged the value of its currency to the value of the currency of a "major" country, e.g. sterling or dollars, which was itself on a gold standard. The international monetary regime in force between 1958 and 1970 is frequently described as a "gold exchange standard" system because of the wide use of the dollar, itself pegged to gold, as a reserve currency and as an accepted medium of exchange internationally.

Gold standard  —  A monetary system in which currencies are defined in terms of a given weight of gold.

Government securities  —  Securities issued by the U.S. Treasury or federal agencies.

Governor  —  An official appointed to govern; the manager or administrative head of an organization, business or institution.

Graduated payment  —  Repayment terms calling for gradual increases in the payments on a closed-end obligation. A graduated payment loan usually involves negative amortization.

Grandfathered activities   —  Nonbank activities, some of which would normally not be permissible for bank holding companies and foreign banks in the United States, but which were acquired or engaged in before a particular date. Such activities may be continued under the "grandfather" clauses of the Bank Holding Company Act and the International Banking Act.

Gross Domestic Product (GDP)  —  The broadest measure of aggregate economic activity encompassing every measure of the economy, measuring the total value of goods and services produced during a specific period.

Growth  —  An increase as in, size, number, value, or strength.