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

Category: G

GNOME

A 15year PARTICIPATION CERTIFICATE issued by the FEDERAL HOME LOAN MORTGAGE CORPORATION. See also DWARF, MIDGET.

GOING RATE

Like a commission, discount, or interest, it is some percentage to the existing price.

GOLDEN SECTION

A line divided into two unequal parts that have ratios stated as: the ratio of the smaller part (‘a’) to the larger part (‘b’) is the same ration as the larger part

GOPHER

Obsoleted by Google-like advanced search engine. Early online method of simple text storage and retrieval.

GRAPHICAL USER INTERFACE (GUI)

Interface, point-of-contact software managing what passes forth and back between the computer and its user. Whatever displays, whatever a user enters, by keystroke, mouseclick, finger or stylus touch, or speech, is managed

GREENSHOE

An OPTION granted by an issuing company to the SYNDICATE UNDERWRITING a NEW ISSUE of EQUITY, which permits the syndicate to sell additional shares as part of the PRIMARY MARKET offering in

GROSS INCOME

Production costs or cost of sales amount exceed by unadjusted, total sales revenue.

GROSS PRICE

Product or service invoiced value prior to any discounting. A value in accounting principles.

GROSSED-UP GIFT

The total amount promised by the deceased to a beneficiary. Since a gift tax can reduces the promised value, there is a practice of adding an amount back into the deflated value

GROUT

Mixxing aggregate, cement, and water to fill spaces between bricks or other frames.

GUARDIAN ACCOUNT

An account for a house that a guardian can get to as manager of the affairs of a disabled person. It is in the name of the beneficiary and the guardian and

GAIN ON SALE OF AUTOMOBILE

Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when

GAP

Unfilled difference. In project planning and scheduling, resources needed unmet by resources available cause a gap.

GASOHOL

Mixture of nine parts of unleaded gasoline by volume with one part of ethanol, ethyl alcohol. Ethanol source is fermented agricultural produce, typically corn. ‘Gasohol’ is a registered trademark of the Nebraska

GENDER

Defined difference between men and women based on culturally and socially constructed mores, politics, and affairs. Time and location give rise to a variety of local definitions. Contrasts to what is defined

GENERAL CARGO RATE

Transport cargo rate charged by a carrier. Although discounted special class fee or a commodity fee from the carrier may be available, this cargo does not qualify.

GENERAL LEDGER

Provides financial statements data for the entire organization. Summarizes all financial transactions recorded and sorted in subsidiary ledgers covering an accounting period. Central repository of an organization’s accounting information. Known also as

GENERATION Y

Born during the 1980s and early 1990s, this group of people’s name is based on the generation that preceded them, Generation X.

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