The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: G

GOVERNMENT INCOME FUND

Mutual fund investing without default risk most or all of its monies ,for comparatively low interest rate return, in government debt securities.

GRADED DEATH BENEFITS

Typically in life insurance policies taken on children. Death benefit dependent on age of the child or age of the policy. It is possible for the benefit amount to be less than

GRAND STRATEGY

Entity planning of major goals and objectives. Essential corporate actions mapped to a comprehensive, long-term plan. Market, product, and/or organizational development tied to acquisition, divestiture, diversification, joint ventures, and strategic alliances are

GRAY KNIGHT

A second unsolicited bidder in a HOSTILE TAKEOVER transaction that attempts to take advantage of the target company

GREEN MARKETING

Promotional activities driving and aiming to obtain an advantage in changing consumer attitudes toward an environmentally-friendly brand. An entity’s policies and practices with positive quality of the environment, with positive concern for

GRIEVANCE MEDIATION

Two parties in a dispute choose to resolve the dispute through 3rd-party arbitration, a less formal method. The disputing parties keep the right to accept or reject any proposed remedy. See, e.g.,

GROUND COVERAGE

Airplane insurance covering its body on the ground. ‘Not in flight’ or ‘not in motion’ are the dangers listed .’ A taxiing airplane is also covered by ‘Not in flight’ coverage.

GROUP DISABILITY INSURANCE

Coverage for lost income and wages for a set time period providing a set percentage of full wage as an income benefit. Percentage is typically 60% of full wage. Coverage for a

GROUP OF FIVE (G-5)

The top 5 countries in the world. The are the United States of America, the United Kingdom, Germany, France, and Japan.

GROUP TECHNOLOGY

The manufacturing technique that groups similar machines into cells to get the most productivity out of them.

GROWTH SHARES

Shares a firm issues that are consistently above average earning. They are traded at more money over a long period of time. AKA growth stock.

GUARANTEED PAYMENTS TO PARTNERS

When a partnership pays for the individual members. Each person gets paid for their investments even if no profit is made. It eliminates risk from personal contributions.

GUESSTIMATE

A guess based on broad assumptions and calcuations.

GUNSLINGER

Slang term for a broker that is searching for the next big thing.

GALVANIZING

The coating of steel with a zinc film. Provides long term corrosion protection and abrasion resistance, up to generally 10 to 30 years. The tried and true hot-metal bath and the newer

GARBAGE-IN, GARBAGE-OUT (GIGO)

Computer industry phrase. Denotes that a program working on inaccurate data yields only misleading results. Promotes the attitude of assuring high quality of source information for a computerized system to better assure

GATHERING IN THE STOPS

Forcing stock prices lower to encourage investor buying at that lower price. Occurs by investment brokers initiating stop orders.

GENERAL AGREEMENT ON TARIFF AND TRADE (GATT)

Formed in 1947 in Geneva, Switzerland. Free trade between contracting, signatory countries enacted. Intended to mitigate devastating effects of protectionist measures. One severe example of such was the US Smoot-Hawley tariff. It

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