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

Category: Finance Dictionary

GRADED COMMISSION

Commissions as a percentage paid per an achievement schedule. Category or amount of policies written is the basis for the step-wise levels of commissions paid.

GRAND OPENING

A new business or a new location having its official opening. Customers alerted to the opening are drawn to come and see. During such an opening most stores offer special promotional items

GRAY WATER

Waste water relatively clean. Sourced from the kitchen, or tub or sink or shower, not the toilet, and laundering. Usable with little or no treatment for landscape irrigation and other non-potable uses.

GROSS ANNUAL INCOME

Un-taxed, un-adjusted, total annual income earnings. Is the amount of money an entity earns in one year from all sources, before taxes. Gross annual income is the starting base figure.

GROSS NATIONAL EXPENDITURE

Country’s total expenses, both public and private, excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.

GROSS REVENUE

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

GROUNDING

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

GROWTH PHASE

The life cycle stage beyond start up that involves more competition for market shares.

GUEST LAW

A law limiting the passenger rights in an automobile to get a refund from the drivers based on negligence. Negligence has to be proven to get the funds.

HALLIBURTON

An oil and gas company from the US that drills, and produces crude oil. It has global branches and has been in business since 1919. It is the parent company of KBR.

HANDS-ON

Any job experience or training that is direct or on the job.

HARD LANDING

A move from expansion to recession due to a restrictive monetary policy.

HARMONIC MEAN

The mean of positive variables. It divides the observations and the reciprocal of each number.

H-BEAM

A hot rolled steel beam.It has a h shaped cross section used in piling and retaining walls.

HEAVY LIFT VESSEL

A craft made to load and unload cargo. Ships have cranes on them for ramps or can use semisubmersible tools to do the operatoins. It can haul upto 100 tons.

HELD

Something kept in custody or storage to satisfy a condition.

HERSTATT RISK

The cross currency risk when working hours of the banks to not meet due to time zones. It can cause a chain of cross defaults if business is not handles in a

HIERARCHICAL ORGANIZATION

A pyramid like organization when a person controls an area with subordinates. Higher levels are more powerful and control underlings.

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