Category: G

Definition A Grant-in-Aid is a transfer of funds from a higher level of government, like federal or state, to a lower level such as local

Definition The Greek Drachma was the currency used in Greece before the country switched to the Euro in 2002. The Drachma was one of the

Definition The Great Moderation refers to a period of economic stability in developed countries from the mid-1980s to 2007, characterized by reduced volatility in economic

Definition The Greater Fool Theory in finance refers to the possibility of selling an overvalued asset to a “greater fool” who is willing to pay

Definition The “Great Leap Forward” is not a financial term but a historical event in China, which took place from 1958 to 1962. Under Mao

Definition The Graduate Record Examination (GRE) isn’t a financial term, but an standardized test many grad schools require for admission in the United States and

Definition The term “Great Society” refers to a series of federal programs and initiatives introduced in the United States under President Lyndon B. Johnson in

Definition The Great Depression was a severe worldwide economic downturn that happened during the 1930s. It began in the United States after the stock market

Definition The Great Recession refers to the severe worldwide economic downturn that occurred from 2007 to 2009. It was sparked by a crisis in the

Definition The term “Gray Market” in finance refers to a market where a product is bought and sold outside of the manufacturer’s authorized trading channels.