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Garaging Location

The place where a car is usually stored, such as a home’s garage, when it is not in use.

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Gap Insurance

Also called Loan/Lease Payoff Coverage, Gap Insurance covers the difference between how much an insurer will pay on a lost, stolen, or totalled vehicle, and how much the insured person still owes on the vehicle.

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GROSS NEGLECT OF DUTY

1. This term is often seen in divorce papers and means dereliction of marital duties. 2. Used when a public officer has done things to endanger welfare of the public.

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GUARANTEED TITLE

This term applies to the title to a property that the insurance company will insure.

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GOODS AND CHATTELS

This term is applied to all personal property that is not real estate.

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GO QUIT

a term that means to be declared innocent, be exonerated and to be dismissed.

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GRADED OFFENSE

crime that is given a greater punishment than is ordinarily given out.

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GENERAL ASSIGNMENT TO CREDITORS

when a debtor transfers title to a trustee who can then liquidate the property to pay creditors.

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GINNIE MAE

how you pronounce the abbreviation for the Government National Mortgage Association that reads GNMA.

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GO WITHOUT DAY

This phrase means to be dismissed by the court without any instructions to return.

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GIFT DEED

this term applies to the gift of property or land for a very small sum of money.

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GO-BETWEEN

This term is given to the agent who is the intermediary between parties.

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GERMANE

a term that means something that is relevant, pertinent to and apropos.

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GIVE TIME

This phrase means to extend the time the payment of a debt is due.

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GIFT CAUSA MORTIS

a Latin phrase meaning the gift of personal property that is given to a person before the other has died, though he is expected to die.

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GENERAL IMPROVEMENT

This term is given when an improvement is carried out in area for the benefit of a community.

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GOOD CAUSE

This term means that from a legal point of view there are sufficient grounds to act on.

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GIVE NOTICE

The term used when a person is informed that a suit is about to take place.

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GIFT IN TRUST

a term used that describes a gift of property that comes without the title. This means that the person can’t sell or hand the property on.

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GENERAL EXCEPTION

the term given to an objection to a plea as it has little substance.

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