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

Category: Finance Dictionary

GLOBAL WARMING

Temperature steadily rising for the near-surface, lower atmosphere average. Currently believed from emissions build-up of greenhouse gases (refer to greenhouse effect). This temperature has risen by 0.6

GOAL SETTING

One principle is that performance is enhanced when a person sets specific goals. Setting tougher goals drives higher performance than setting easier goals is a second principle. This is a motivational technique

GOLDEN BOOT

To accept a ‘voluntary separation’ or retirement proposal, this incentive is offered to an unwanted employee. Also refer to golden handshake.

GOOD STANDING

Entity status in terms of being up-to-date for anything due, like dues, reports, other criteria, as a member of an organization.

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.

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