Good-Till-Date (GTD) Order

A GTD order will remain in the system until it is either filled or until the date specified, at which time it is automatically cancelled by the system. This is another kind of open order. A Participating Organization can cancel a GTD order at any time.

Write

To write an option is to sell an option. The person who sells the option is considered to be the writer.

Goodwill

The amount of a company’s shareholder’s equity that exceeds the value of its hard assets. 

Yield

This is the measure of the return on an investment and is shown as a percentage. A stock yield is calculated by dividing the annual dividend by the stock’s current market price. For example, a stock selling at $50 and with an annual dividend of $5 per share yields 10%. A bond yield is a more complicated calculation, involving annual interest payments, plus amortizing the difference between its current market price and par value over the life of the bond.

Gross Profit

Profit a company makes on goods and services before considering overhead expenses. Gross profit is sales minus cost of sales. 

Growth Stock

The shares of companies that have enjoyed better-than-average growth over recent years and are expected to continue their climb.

Guaranteed Investment Certificate (GIC)

A deposit instrument most commonly available from trust companies or banks requiring a minimum investment at a predetermined rate of interest for a stated term, such as one or five years. GICs are generally non-redeemable and non-transferable before maturity.