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

Category: Finance Dictionary

GOING PRIVATE

Transitioning to a closely-held private firm from a public firm with outstanding shares by repurchase of all said shares, taking itself off the open market.

GOLDEN PARACHUTE

To compensate for loss of office after a takeover or merger, a huge bonus and/or a lucrative contract or a stockholding (shareholding) in the new setup is offered to a director or

GOOGLE ADWORDS

Google, Inc. advertising program. A popular method with low start-up costs and high potential profits for the site owners. A company displays its ads on a Google website. Uses the pay-per-click basis

GRADUATE RECORD EXAMINATION (GRE)

Graduate school applicants testing determines abstract thinking aptitude. Analytical writing, mathematics and vocabulary are sections of this test.

GRAPHIC DESIGN

Architectural planning of the images, patterns, layouts, and other image devices organized into a coherent, distinctive layout and format that will convey what is wanted in a way to allow printing or

GREENFIELD SITE

Held aside for commercial development or industrial projects, this is an other undeveloped site area of agricultural or forest land. Also refer to brownfield site.

GROSS EARNINGS FORM

Insurance coverage for lost business gross earnings from insured condition damage. Excludes expenses stopped during damage recovery. Excludes un-contracted expenses.

GROSS PAY

employee’s regular total earnings before any deductions are made. Allowances, overtime pay, commissions, bonuses, and salary comprise total earnings.

GROSS UP

Adding deductions to a net amount owned by a receiver. This could include taxes.

GROUP OF SEVEN (G-7)

The major powers in finance that meet to debate monetary policy and economics. They are part of the OECD. They are Canada, France, Germany, Italy, Japan, United States of American, and the

GUARANTY FUNDS

A fund that has money in it from an insurers business in the state. It is required by the state. It is used to cover debts and claims. It is called an

GUIDELINE

A practice that allows leeway in its interpretation.

HACCP PROCESS

It starts to evaluate a situation to assess the healthhazard based on the contaminant ingredients, controlled steps to prevent the hazards, and the distribution chain not being hazardous. Should the area not

HAMBURG RULES

The rules changed by the UN in 1978. It makes a carrier liable for damages to cargo under the care. If all measures are taken the carrier is not fined. Only 20

HARD ASSET

An asset that is physical or financial. It is on the left side of a balance sheet.

HEALTH CARE

Taking the necessary medical and preventative procedures to improve well being. It can be medical or change a lifestyle. Hospitals are often involved.

HEAT PUMP

A heater/air conditioner to give a year round interior temperature for a building.

HEDGE

An investment that takes position in futures or options to market to reduce the impact of changes in interest rates or prices. Refer to hedging.

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