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General Obligation Bonds |
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Securities issued by states and municipalities which are secured by the full faith and credit, hence, taxing power, of the issuer. |
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Government National Mortgage Association Certificates (Ginnie Maes) |
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Certificates backed by an underlying pool of insured or guaranteed mortgages. These certificates carry the full faith and credit of the U.S. government. |
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Government National Mortgage Association (GNMA) |
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A quasi-governmental organization organized when FNMA was split into two divisions in 1968. GNMA administers and guarantees mortgage-backed securities. |
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Grain Futures Act |
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Federal statute that regulates trading in grain futures, effective June 22, 1923; administered by the U.S. Department of Agriculture; amended in 1936, creating the Commodity Exchange Authority and referred to as the Commodity Exchange Act as amended by the Commodity Futures Trading Commission Act in 1974. |
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Grantor |
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A person who sells an option and assumes the obligation but not the right, to sell (in the case of a call) or buy (in the case of a put) the underlying futures contract at the exercise price. |
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Gross Processing Margin (GPM) |
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Refers to the difference between the costs of soybeans and the combined sales income of the soybean oil and meal that results from processing soybeans. Other industries have similar formulas to express the relationships of raw material costs to sales income from finished products. |
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GTC "Good Till Cancelled" |
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An order left with a Dealer to buy or sell at a fixed price. The order remains in place until it is cancelled by the client. |
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Guided Account |
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A customer account that is part of a program directed by a Commodity Trading Advisor or Futures Commission Merchant. Such programs usually require a minimum initial investment and may include a trading strategy that will utilize only a part of the investment at any given time. |
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GDP |
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Real change in gross domestic product at annual percentage rate, quarterly, from Commerce Department. |