Gap opening Used in the context of general equities. Opening price that is substantially higher or lower than the previous day's closing price, usually because of some extraordinarily positive or negative news. A widely used model for pricing foreign currency options . Gearing Financial leverage . Mortgages in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.
General cash offer A public offering made to investors at large.
General obligation bonds Municipal securities secured by the issuer's pledge of its full faith, credit, and taxing power. General partner A partner who has unlimited liability for the obligations of the partnership. A partnership in which all partners are general partners . A technical accounting term that encompasses the conventions, rules, and procedures necessary to define accepted accounting practice at a particular time. Geographic risk Risk that arises when an issuer has policies concentrated within certain geographic areas, such as the risk of damage from a hurricane or an earthquake.