The ratio of a change in the option delta to a small change in the price of the asset on which the option is written. 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.