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Glossary of Terms
As the commerce and industry have evolved, each sector has developed a vocabulary that uniquely describes its products,
technology, and business practices, known as a jargon of respective domain. Often, these words seem incomprehensible to
the layman. This short lexicon is not meant to be a comprehensive dictionary of markets; nevertheless it would be a useful
guide for the beginners who are keen to no more about financial markets and futures industry.
G
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Gamma :-
The sensitivity of an option's delta to changes
in the price of the underlying futures contract.
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Gold/Silver Ratio :-
The number of ounces of silver required to
buy one ounce of gold at current spot prices.
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Good Delivery :-
Approved metals brands acceptable for delivery
against the metals contracts.
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Good till Canceled :-
An order to be held by a broker until it
can be filled or until canceled.
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Grade 1 Copper :-
Copper which is good for delivery against
the COMEX Division high grade copper futures contract and meets the ASTM
specification B115-91.
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