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

Category: G

GENERIC MARK

A legally unprotected, yet distinguishing mark, in the form of a symbol or a word. This mark definitively categorizes and defines a type of product or service. Some examples are name we

GEOGRAPHICAL LABOR MOBILITY

Worker ability to find employment by moving as necessary. Government policies and common standards of living tied to available transportation options enhance mobility.

GIGA (G)

Specifies a multiple of one billion as a prefix.

GLAMOR STOCK

Sold at high price-earnings ratios and believed to rise faster than the rest of the market, this type of stock is popular due to the high earnings growth rate. Favorably viewed by

GLOBAL INTERDEPENDENCE

World-wide, mutual dependence. Perceived as each country depending on, and depended on other countries. Comes from the importing and exporting of goods and services. Has been the source that highly contributes to

GLOBAL WARMING POTENTIAL (GWP)

Ratio of potential atmospheric warming caused by a substance measure to the same mass of carbon dioxide. Methane is 21, and water vapor is zero. An example is CFC12, a refrigerant, of

GOING CONCERN

A business currently successful with indications in the foreseeable future of continuing to do well.

GOLDEN BUNGEE

Providing consulting services, public relations gigs, or remaining connected to the company somehow, an executive’s severance package provides generous perks in exchange.

GOODHART’S LAW

Professor Charles Goodhart introduced this theory. Originally applied to the stability of economic spending, it now points out the problem of assigning value to a specific variable to be used as an

GRADED DEATH BENEFITS

Typically in life insurance policies taken on children. Death benefit dependent on age of the child or age of the policy. It is possible for the benefit amount to be less than

GRAND STRATEGY

Entity planning of major goals and objectives. Essential corporate actions mapped to a comprehensive, long-term plan. Market, product, and/or organizational development tied to acquisition, divestiture, diversification, joint ventures, and strategic alliances are

GREAT DEPRESSION

Decade-long financial-depression in the US from 1930 through 1940. Its devastating worldwide impact resides as the worst in living memory. Its precise causes are disputed. However, its beginning occurred on Black Monday,

GROSS BILLING

Billing total product or service cost with no adjustments or deductions. If ten units of product are bought at $100, but two units are returned, the gross billing is still $1,000. The

GROSS NATIONAL HAPPINESS (GNH)

Psychological and physiological attempt to measure national happiness as a part of GDP (Gross Domestic Product). Bhutan’s former King Jigme Singye Wangchuck coined it in 1972. Techniques vary, but a widely used,

GROSS SALARY

Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use to base

GROWTH POTENTIAL

The probability that a business will grown. It uses sales and revenues to predict this.

GUEST PROPERTY COVERAGE

Coverage for hotel or motel property. It can cover a safe deposit box and legal liability for damages while in the insured’s possession.

GYPSY SWAP

Stock being repurposed by many parties to increase profit for all.

GALVANIZING

The coating of steel with a zinc film. Provides long term corrosion protection and abrasion resistance, up to generally 10 to 30 years. The tried and true hot-metal bath and the newer

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