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

Category: Finance Dictionary

FUTURE ADVANCES CLAUSE

An agreement within a mortgage allowing a borrower to get more money and increase a mortgage principal without redoing all existing paperwork on the existing mortgage. P

G-8 FINANCE MINISTERS

Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States G8 summit representatives in the annual meeting.

GAMBLING INCOME

Money gained by wagering. Legal gambling operations such as slot machines, horse races or lottery allows a person to submit a tax filing declaration of gambling income.

GARNISHMENT PAYABLE

Legal action requiring a company to record an involved employee’s wages even if the employee received no wages.

GAZELLE COMPANY

A company with sales revenue growth of 20 percent or higher annually. Usually known for many new job opportunities. Typically, a small publicly traded companies sustaining this growth four years running, with

GENERAL AND ADMINISTRATIVE LEVERAGE

A variable of potential lessening in overall administrative costs when analyzing outcome as companies combine following an acquisition. Typically, less cost is expected once the companies combine. Contrasts to costs of independently

GENERAL ENVIRONMENT

Generally impacting everyone in an industry or market in a similar way, these legal, political, and social circumstances are factors and conditions.

GEORGE SOROS

Born on August 12, 1930, this Hungarian American businessman and financier claimed fame earning a reported $1 billion. He anticipated the pound sterling devaluation out of the 1992 UK currency crises. Chairman

GIGAFLOP (GFLOPS)

The number of floating point operations per second a computer can do equals one billion (10^9).

GLASS COVERAGE FORM

Commercial glass insurance, for example, plate glass covered by a form specifically.

GLOBAL OFFERING

Securities made available in markets across the globe at the same time. A global offering include Europe’s, North American and the Far East. Simultaneous offering in multiple markets of these securities.

GLOCALIZATION

Local market products or services made to benefit worldwide markets, being developed and distributed in all markets. Globalization and localization are considered in the marketing strategy for such products.

GOING LONG

Building a portfolio of bonds, commodities, or stock and shares for long-term, capital gains viewed retention. Known commonly as long positions. Also refer to going short.

GOLDEN HELLO

Incentive to another firm’s employee to join the offering firm.

GOODWILL

The primary INTANGIBLE ASSET of a company, generally comprised of reputation, contact networks, intellectual property, and branding. Although the assets have value, they cannot be physically inspected and are extremely ILLIQUID. Goodwill

GRADING SCHEDULE FOR CITIES AND TOWNS

A rating level scheme for rating a given city’s fire safety. Many factors figure into this rating. The National Board of Fire Underwriters make this schedule.

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