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

Category: Finance Dictionary

GRADED PREMIUM

The beginning premium of a contract is low and increases over time based on a schedule.

GRANDFATHER CLAUSE

Exemption-allowance statement. Insulates specific entities, object, or situation from the fallout of changes or imposition of a decision. It could be a rule, law, or statute with pre-existing conditions. An example is

GREATER FOOL THEORY

Puts forth the view that any price, as unrealistic as it might be, is warranted if one buyer believes that another buyer will pay an even higher price for the same item.

GROSS BLOCK

A count of valued entity instruments. Long-term asset depreciable costs are excluded.

GROSS NATIONAL INCOME

Total international income added to the gross domestic product (GDP) makes up this value. Government expenditures plus international assets generated income plus gross exports generated income minus gross import taxes minus indirect

GROSS SALES

Un-adjusted, total sales invoice value. Un-adjusted means prior to deducting discounts or returns, or miscellaneous adjustments.

GROUP

1. Two or more of something with some type of commonality. Typically, people who work together to achieve a common set of goals. This involves regular contact, frequent interaction, mutual influence, and

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.

GUEST WORKER

A party that has special permission to work temporarily in another country when a shortage occurs.

H-1B VISA

A visa that the US uses to let foreign parties work here temporarily. An employer must sponsor them and the job must be in one area by law. They can stay 6

HALOGEN

A group of 5 chemicals that are bromide, astatine, iodine, chlorine, and flourine. It canbe gas, solid, and liquid. They are poisonous and reactive. They smell bad and have colored fumes. Refer

HANG SENG INDEX

A market of the top 33 companies in Hong Kong stock market. The Hang Seng Bank administers this.

HARD MARKET

An INSURANCE market cycle where INSURERS reduce the amount of coverage they are willing to write, causing supply to contract and PREMIUMS to rise. A hard market can occur by the onset

HEADCOUNT REDUCTION

How employees at a place are reduced due to changes in circumstance. It can be drops in sales or services.

HEAT EXHAUSTION

Fatigue buildup that leads to fainting. It causes low blood pressure and blood volume because of dehydration. Rehydrate and rest and a medical doctor can help this.

HEAVY METAL

They can be Arsenic, Beryllium, Cadmium, Chromium, Lead, Mercury, Nickel, Selenium, and Manganese. They are used in industrial process and carried by air or water. They stay in organs and can be

HERTZBERG’S TWO FACTOR THEORY

The idea that employee satisfaction can motivate or cause dissatisfaction in performance. Frederick Herzberg researched this in the 1950s.

HIERARCHY OF EFFECTS

The give steps of consumer passes. It is awareness, interest, evaluation, conviction, and purchase.

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