G fintech glossary terms

GAAP

Generally Accepted Accounting Principles.

Game Theory

Math of strategic decision making.

GameFi

Gaming plus Finance.

Garbage Collection

Automatic memory management.

Gas Fee

Transaction fee on Ethereum network.

Gas Limit

Max gas user is willing to pay.

Gas Price

Cost per unit of gas.

Gas War

Users bidding high gas fees to verify ASAP.

GDP

Gross Domestic Product.

GDP Per Capita

GDP divided by population.

GDPR

General Data Protection Regulation.

Gearing

Debt to equity ratio.

General Ledger

Master record of all financial transactions.

Generative AI

AI creating new content.

Genesis Block

First block of a blockchain.

Gini Coefficient

Measure of inequality.

Gold Standard

Currency backed by gold.

Golden Parachute

Large payment to executive if dismissed.

Gossip Protocol

Network protocol for peer communication.

Governance Token

Token giving voting rights in a DAO.

Grace Period

Time to pay without penalty.

GraphQL

Query language for APIs.

Green Tech

Tech that is environmentally friendly.

Gross Domestic Product

Total value of goods produced.

Gross Domestic Product (GDP)

Total value of goods and services produced in a country.

Gross Margin

Revenue minus cost of goods sold (COGS).

Gross National Product (GNP)

Total value of goods and services produced by a country's residents.

Growth Stock

Stock expected to grow fast.

GTC

Good Till Cancelled.

Gwei

Billion wei; used for gas prices.