participating in a trade. This is a grey area of the law governing reimbursement of a broker for services (e.g., research). See: Directed brokerage. Glamor stock A popular stock characterized by high earnings growth rate and a price that rise is faster than the marketaverage in a bull market. Global Depository Receipt A receipt denoting ownership of foreign-based corporationstockshares which are traded in numerous capital markets around the world. Glass-Steagall Act 1933 legislation prohibiting commercial banks to own, underwrite, or deal in corporate stock and corporate bonds. Global bonds Bonds designed to qualify for immediate trading in any domesticcapital market and in the Euromarket. Global fund A mutual fund that can invest anywhere in the world, including the U.S. Globalization Tendency toward a worldwide investment environment, and the integration of national capital markets. GNMA-I Mortgage-backed securities (M.B.S.) on which registered holders receive separate principal and interest payments on each of their certificates, usually directly from the servicer of the M.B.S. pool. GNMA-I mortgage-backed securities are single-issuerpools. GNMA-II Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregateprincipal and interest payment from a central paying agent on all their certificates. Principal and interest payments are disbursed on the 20th day of the month. GNMA-II M.B.S. are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). Multiple-issuer pools are known as "jumbos." Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest rates may vary within one percentage point. GNMA Midget A GNMA pass-through certificate backed by fixed-rate mortgages with a 15-year maturity. GNMA Midget is a dealer term and is not used by GNMA in the formal description of its programs. Gnomes Freddie Mac's 15-year fixed-rate pass-through securitiesissued under its cash program. Go along Used for listed equity securities. Buy or sell at prices that randomly occur on the floor, participating in what trades the specialist and other players will allow. Go around Describes the N.Y. Federal Reserve Bank's trading desk practice of communicating with primary dealers to establish a market of bids and offers on behalf of the Federal Open Market Committee. Goal An individual's or institution's financial objective. Godfather offer An aggressive takeover technique in that the proposed offer of the acquiringcompany is so large that management of the target company cannot refuse, out of fear of lawsuits or shareholder revolt. Go-go fund A type of mutual fund in highly aggressive growth stocks. The fund has high levels of risk and potential return. Go to Used in the context of general equities. Sell insurance ("we've got 50 IBM to go".). Goes Used in the context of general equities. (1) Trades ("10 IBM goes on at 115 "); see Print; (2) indicates a change in the stock's inside market ("Apple goes 3/4 bid"). Going ahead A broker-dealertrades in a personal account prior to filling the orders of his or her clients. Prohibited by the NASD rules of fair practice. Going away The type of bond purchased by dealers for immediate