Gold Certificates
Issued in exchange of specified amounts of gold, these are tradable in the market in a deregulated economy. The central bank of the country fixes the price of the certificates daily in line with price of gold in the London Metal Exchange and the dollar rate against the local currency. Investors also have an option to receive cash equivalent or gold when surrendering the certificates. The interest rate offered is usually low.
Government have modified the central ideal in various small ways to suit their requirements, sometimes in an attempt to unlock the country’s hidden gold, sometimes to mobilize black money (with the promise of no – questions – asked), and sometimes to meet a national emergency.
Golden Handcuffs
Opposite of GOLDEN HANDSHAKE. In this, a contract is entered into by a brokerage firm and a broker, which assures attractive commissions, bonuses, and other benefits as long as the broker serves the firm. If he leaves, he has to return much of his gains.
Golden Handshake
it is a Generous compensation for the termination of office, a courtesy reserved usually for the senior management.
Golden Share
A share that controls 51% or more of the voting rights of a company.
Good Delivery
A share certificate together with its transfer form which meet all the requirements of transfer, e.g., unmutilated certificate, the necessary endorsements, signature of the transferor tallying with what is registered with the company, etc. The buying broker is obliged to accept such a delivery.
Good Faith Deposit
When someone is dealing with a stockbroker for the first time, he may be asked for a deposit of 25% to 50% of the value of a buy order, because he is not known to the broker.