General partner A partner who has unlimited liability for the obligations of the partnership. A partnership in which all partners are general partners. 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. Geometric mean return Also called the time weighted rate of return, a measure of the compounded rate of growth of the initial portfolio market value during the evaluation period, assuming that all cash distributions are reinvested in the portfolio. It is computed by taking the geometric average of the portfolio subperiod returns.
Gestation repo A reverse repurchase agreement between mortgage firms and securities dealers.
Under the agreement, the firm sells federal agency-guaranteed MBS and simultaneously agrees to repurchase them at a future date at a fixed price. Gilts British and Irish government securities. Government National Mortgage Association. Give up The loss in yield that occurs when a block of bonds is swapped for another block of lower-coupon bonds. A 1933 act in which Congress forbade commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.