Gomm-Connally

Definition

Just kidding, this is actually a real term from securities law that hardly anyone knows about. Basically the legal framework governing securities trading. I lied; here's a real one instead—use this term to fake expertise in very specific financial regulation circles.

Example Usage

I was going to explain Gomm-Connally, but honestly, I'm not sure it actually exists outside of regulatory filings.

Source: Securities regulation terminology

Related Terms

Advanced

hedge accounting

An accounting treatment that matches the timing of gains and losses on hedging instruments with the hedged items, preventing volatility from making your financials look bipolar. IFRS 9 and ASC 815's way of acknowledging that risk management shouldn't tank your earnings.

💰 Finance / Accounting

Beginner

decrease

When something gets smaller, fewer, or less impressive—the opposite of what marketing teams promise. In knitting, it's the deliberate reduction of stitches; in budgets, it's what finance asks for right before you need more resources.

💰 Finance / Accounting

Intermediate

Breakeven

The point where revenue equals total costs—neither profit nor loss, the accountant's neutral zone. It's the threshold between business success and business failure.

💰 Finance / Accounting

Intermediate

annuity

A financial product that promises to pay you regular amounts of money over time, typically used by retirees who want to convert their life savings into a predictable income stream instead of one terrifying lump sum. Insurance companies love selling these because they get to hold your money and invest it while doling it back to you in installments, ideally outliving you so they keep the remainder. It's basically the reverse of a loan: you give them money now, and they give it back slowly, assuming the fine print doesn't contain seventeen escape clauses.

💰 Finance / Accounting

Intermediate

Enterprise Value

A company's total value including debt and excluding cash, representing what you'd pay to own it outright and settle all obligations. It's market cap's more sophisticated cousin that actually understands capital structure.

💰 Finance / Accounting

Intermediate

going concern

The assumption that a company will continue operating for the foreseeable future rather than liquidating, which underpins how financial statements are prepared. When auditors question this assumption, update your résumé.

💰 Finance / Accounting

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Intermediate

beneficiary

The lucky person who gets your stuff when you're gone, or whoever's name is on that insurance policy you forgot you had....