gamma /ˈɡæ.mə/noun 11forms 1 noun11 •The third letter of the Greek alphabet (Γ, γ), preceded by beta (Β, β) and followed by delta, (Δ, δ). •A gamma ray or gamma-ray photon. •A second-order measure of derivative price sensitivity, expressed as the rate of change in delta with respect to changes in the underlying asset price. •The Gamma function, symbolized by Γ. •Synonym of gamma correction. •Slope of log-log plot of video input and luminance output. •A constant approximately equal to 0.57721566, symbolized by γ (also known as the Euler–Mascheroni constant). •The letter Ɣɣ, used in the alphabets of several African languages, and in lowercase form in the IPA to represent a voiced velar fricative. •Flight path angle; the angle by which an aircraft's flight path deviates from the horizontal plane. •A non-SI unit of measure of magnetic flux density, equal to 1 nT. •A non-SI unit of measure of mass, equal to 1 microgramme. formsgammas