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GAIN ON SALE OF AUTOMOBILE

Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when a car valued at $2,500 sold for $3,000.

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GAIN ON SALE OF EQUIPMENT

Value increase posted on the balance sheet when equipment in the business operations sells profitably.

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GAIN ON SALE OF INVESTMENTS

Value increase posted on the balance sheet as profit recognized from selling investments profitably.

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GAIN ON SALE OF LAND

Value increase posted on the balance sheet in the land category when property is sold profitably.

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GAIN OR LOSS ON SALE OF LONG-TERM ASSET

Value increase or decrease posted on the balance sheet when a valued instrument is sold.

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GAINAGE

The gain or profit of tilled or planted land, raised by cultivating it; and thedraught, plow, and furniture for carrying on the work of tillage by the baser kind ofsoke men or villeins. Bract. 1. i. c. 9.

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GAINERY

Tillage, or the profit arising from it, or from the beasts employed therein.

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GAINFUL EMPLOYMENT

Condition of the employee receiving consistent work and payment from the employer. What a worker or college graduate seeks to provide consistent, continual income for self and family. Used in ranking colleges or universities as an attribute of the training and education received.

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GAINFUL OCCUPATION

This term means that you work for living and earn wages.

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GAINOR

In old English law. A soke- man; one who occupied or cultivated arablelaud. Old Nat. Brev. fol. 12.

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GAINS

Value increase posted on the company's balance sheet, reflected in the company's financials. Caused by the profitable sale of an asset, a valued instrument.

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GAINS SHARING

Pay-incentive plan. Motivational tool for employees as a group. Seeks improved productivity in their workgroup. Improvement comes from a more efficient use of resources (energy, labor, and materials). The group shares the resulting savings, or gains. A formula measures gain against past results or a benchmark. Participative management is typically the trigger and difference between successful improvement and gain, versus stagnant hanging on.

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GAJUM

A thick wood. Spelman.

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GALE

The payment of a rent, tax, duty, or annuity.A gale is the right to open and work a mine within the Hundred of St. Brlavel's, or astone quarry within the open lands of the Forest of Dean. The right is a license orinterest in the nature of real estate, conditional on the due payment of rent and observanceof the obligations imposed on the' galee. It follows the ordinary rules as to thedevolution and conveyance of real estate. The galee pays the crown a rent known as a"galeage rent," "royalty," or some similar name, proportionate to the quantity of mineralsgot from the mine or quarry.

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GALEA

In old records. A piratical vessel; a galley.

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GALENES

In old Scotch law. Amends or compensation for slaughter. Bell.

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GALLI-HALFPENCE

A kind of coin which, with suskius and doitkins, was forbidden by St. 3 Hen. V. c. 1.

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GALLIVOLATIUM

A cock-shoot, or cock-glade.

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GALLON

A liquid measure, containing 231 cubic inches, or four quarts. The imperialgallon contains about 277, and the ale gallon 2S2, cubic inches. Hollender v. Ma- gone(C. C.) 38 Fed. 914; Nichols v. Beard (C. C.) 15 Fed. 437.

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GALLOWS

A scaffold; a beam laid over either one or two posts, from which malefactors are hanged.

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