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

Category: G

GENERIC

An item marketed with no brand name, trademark, or other distinguishing feature. Nothing separates it from other similar items except for it market name. Part of a certain general class, or genus,

GEOGRAPHIC PRICING

Transportation costs based on the customer’s or market’s distance is computed to generate a selling price using this variable-pricing method.

GIFFEN GOOD

Condition seemingly paradoxal that a consumer item, deemed essential to the community, is in greater demand when its price rises, and in less demand when the price falls. This occurred to corn

GINZY TRADE

Buying or selling a high volume of stocks or bonds for less than the security’s current value. This type of trade is deemed to be inappropriate behavior.

GLOBAL DEPOSITORY SHARE (GDS)

COMMON STOCK issued by a nonlocal company in a local marketplace. GDSs, generally denominated in the local currency (and occasionally in US dollars), are typically registered with local regulators and may be

GLOBAL RISK

External risk to world-wide environment; outside the influence of a single country’s government.

GOAL COMPATIBILITY

An ability or willingness to combine different objectives of different entities toward common or diverse goals with in a designated time period.

GOLD FUND

Securities associated with gold like those for gold mining, refining, and selling are the focus of most or all of the resources this type of mutual fund invests. Known also as precious

GOOD CONSIDERATION

A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and

GRACE PERIOD CLAUSE

Loan agreement point that a borrower cam skip installments if the borrower prepaid some of the loan. The skipped installments can not exceed the amount prepaid.

GRAM

Metric system weight unit. Equals 1/1000th (one one-thousandth) of a kilogram, about 0.35 ounce, 0.02 pound, or 15.43 grains equivalence in the decimal system.

GRAY LIST

An organization’s position with an investment bank renders these stocks ineligible for trade. Ongoing matters of acquisitions and mergers of companies push stocks onto the gray list and are not traded by

GRIEVANCE

1. In Law, this is (1) a complaint due to injury, injustice, or wrong. (2) The injustice itself. 2. In HR, this is a specific complaint. It is a formal employee notice

GROSS MARGIN

(Sales revenue minus Cost of sales) divided by Sales revenue calculates this value.

GROSS RECEIPTS

Total amount of monies taken in from sales, asset interest, and any rents, minus monies taken in from the sale of assets or an employee withholding tax. Typically done before deducting expenses.

GROUND OPERATOR

Entity providing accommodations, sight seeing, or local transportation to incoming passengers. Known also as purveyor.

GROWTH INDUSTRY

A sector of the economy that is growing faster than the economy. AKA sunrise industry.

GUERTIN LAWS

Laws about nonforfeiture and value that are standard. The NAIC committee developed the laws, specifically Alfred Guertin in 1947.

GUNSLINGER

Slang term for a broker that is searching for the next big thing.

GAINFUL EMPLOYMENT

Condition of the employee receiving consistent work and payment from the employer. What a worker or college graduate seeks to provide consistent, continual income for self and family. Used in ranking colleges

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