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

Category: Finance Dictionary

GRAD

Measure of angle in units of 1/100th of a right angle or 0.9 degree. Known also as grade.

GRAMM-LEACH-BLILEY ACT

Repeal of anti-affiliation statutes of the Glass-Steagall Act. Renewed the legal right banks to consolidate with financial-security companies. Repeal legislation passed in 1999.

GRAY MARKET

1. Selling in unauthorized sales-territory, or using unauthorized dealers in an authorized territory. Undercutting authorized sales territories and authorized dealers with prices lower than wholesale or distributor charges. Shady market of genuine

GRINDER

Nickname to an investor that does not experience a high return on profit, even though consistently investing.

GROSS RECORDING METHOD

Accounting procedure. Posting cash discounts on purchases against a journal entry’s full invoice amount. Recording the discount can treat it as non-revenue if deducted from the original debited amount or as revenue

GROUND RENT

Leased land payment to the owner. Allows the lessor to improve the land. However, the property returns to the owner as-s at the end of the lease.

GROWTH INVESTING

When stocks with good earnings and growth are bought with no accounting for the prices. They have low dividend yield and less protection. They are more risky and the interest changes depending

GUESSTIMATE

A guess based on broad assumptions and calcuations.

GUS CLASSIFICATION

Inventory that is seperated in three categories. They are general items used often, unique items used in one way, and specific items only in one product.

HALFTONE

Repeating a single tone or image that can have many colors. It creates small dots to get the color printed. Small grids are used to do this. If shade is made than

HANDLING UNIT

Cargo shipped in a unit that is identified and distributed independently.

HARDWARE

1. a manufactured item, fasteners, fittings, and construction industry needs. 2. the equipment that is in a computer system. It can be a keyboard or mouse.

HAZARD ANALYSIS

Assessing risks in the environment for exposure points by degree of risk.

HEALTH REIMBURSEMENT ACCOUNT (HRA)

An employer funded medical fund that reimburses to offer tax advantages for health are costs. No additional taxes are taken from the contributions.

HEAVY CRUDE

Crude oil with 22deg or less API gravity. This is because the asphalt and other heavy hydrocarbon fractions.

HEIJUNKA

Coordinating the sequences of small production batches in the line to make the time it takes less. It is a Japanese model.

HERFINDAHL INDEX

The size of firms in relation to the industry. It relates to the competition on the market. AKA Herfindahl-Hirchman Index (HHI). It is named after Orris C Herfindahl.

HIDDEN UNEMPLOYMENT

Unemployed parties that are not in unemployment figures the government releases. It happens because figures include people that are seeking employment. Those not looking or have given up are not counted and

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