Glass-Steagall Act
DefinitionThe Glass–Steagall legislation describes four provisions of the U.S.A Banking Act of 1933 separating commercial and investment banking. The article 1933 Banking Act describes the entire law, including the legislative history of the provisions covered here. Glass-Steagall Act The Glass-Steagall Act also known as the Banking Act of 1933 was sponsored by two US senators, Carter Glass and Henry...
Gentry-De La Garza Model
What is 'Gentry-De La Garza Model' A different way of managing account receivables, proposed by college professors James A. Gentry and Jesus M. De La Garza in the mid-1980s. The Gentry-De La Garza model gives three reasons as to why accounts receivable balances may increase: sales pattern effects, collection experience effects and joint effect. Together they equal...
Geometric Mean
DefinitionIn mathematics, the geometric mean is a mean or average, which indicates the central tendency or typical value of a set of numbers by using the product of their values. The geometric mean is defined as the th root of the product of numbers, i.e., for a set of numbers, the geometric mean is defined as. Geometric Mean ...
Gen-Saki
What is 'Gen-Saki' A secondary market in Japan, also known as a repo market for its similarity to repurchase agreements. It is a medium for government bonds, in the Japanese market only, to be reissued and resold at the new rate. Gen-Saki is available to both corporations and financial institutions. Explaining 'Gen-Saki' When setting...
General Agreements To Borrow (GAB)
What is 'General Agreements To Borrow - GAB' A borrowing/lending medium for members of the Group of Ten. Members of the lending country deposit funds into the International Monetary Fund (IMF), which are made available to be withdrawn by the borrowing member in need. One of the advantages of this is that each country deals in their...
General Agreement On Tariffs And Trade
DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous...
Geographical Labor Mobility
What is 'Geographical Labor Mobility' Geographical labor mobility refers to the level of freedom that workers have to relocate in order to find gainful employment that reflects their training and occupational interests. The European Union (EU) is most active in trying to increase its geographic labor mobility by helping qualified workers easily cross state and national boundaries...
Generation-Skipping Transfer Tax (GSTT)
What is 'Generation-Skipping Transfer Tax - GSTT' A tax incurred when there is a transfer of property by gift or inheritance to a beneficiary who is more than 37.5 years younger than the donor. Generation-skipping transfer taxes serve the purpose of ensuring that taxes are paid when assets are placed in a trust, and the person receives...
Garn-St. Germain Depository Institutions Act
DefinitionThe Garn–St Germain Depository Institutions Act of 1982 is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans. It is disputed whether the act was a mitigating or contributing factor in the savings and loan crisis of the late 1980s. Garn-St. Germain Depository Institutions Act What is 'Garn-St. Germain...
Sample
What is a 'Sample' A sample is a subset containing the characteristics of a larger population. Samples are used in statistical testing when population sizes are too large for the test to include all possible members or observations. A sample should represent the whole population and not reflect bias toward a specific attribute. Explaining 'Sample'...