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

Category: G

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.

GAIN CONTINGENCY

Indication of an upcoming gain, possibly caused by a favorable ruling, for a specific company that drives pending or possible development.

GAMMA HEDGE

A HEDGE technique used primarily to manage or neutralize the effects of NEGATIVE GAMMA, which can create large losses if markets move sharply and quickly before DELTA HEDGES can be rebalanced. Creating

GAS WELDING

Producing coalescence with one or more gas flames, usually oxygen and acetylene in a process to join metal at the piece’s ends, with or without the use of a filler metal.

GEISHA

A PRIVATE PLACEMENT, denominated in a currency other than Japanese yen, which is issued by a Japanese company. See also DAIMYO, SAMURAI, SHIBOSAI, SHOGUN.

GENERAL BUSINESS TAX CREDIT

Combined from several business purposed credits. Reforestation, research and starting a pension plan are aggregate tax allowances.

GENERAL JOURNAL

A chronological record of an entity’s financial transactions that are a part of other, special journals, or where no special journal exists. A common type of journal used in record keeping.

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