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

Category: G

GRAINS PER GALLON (GPG)

Water hardness as a measured unit. 1 grain (64.8 milligrams) of calcium carbonate dissolved in 1 US gallon of water equals one GPG. It figures out to be 14.3 parts per million

GRAY KNIGHT

A second unsolicited bidder in a HOSTILE TAKEOVER transaction that attempts to take advantage of the target company

GRIDLOCK

In Finance, this is the inability to do day-to-day operations due to a business crisis using essential corporate resources, and unable to resolve the crisis.

GROSS RATING POINT (GRP)

Weekly advertising schedule’s rating points tally. Can be tallied for longer periods. The tally can represent the percent of targeted households reached once per week, or the percentage of them reached 100

GROUND LEASE

Type of lease that is long-term, typically 99 years. It involves land with standing buildings or for developing land. the owner of the land gets the property as-is at the end of

GROWTH FUND

A mutual fund that invests in stock. These stocks are in their growth stage and thusly have a higher risk. Income stocks are more stable and risk less principal.

GUERILLA MARKETING

When a small firm can compete with a bigger one getting a narrow niche of profit. It can be extreme specialization, impressing customers, providing great service, having fast response time, fast turnaround,

GUNS OR BUTTER

A model that compares military spending and food supplies in a nations spending. It shows the increase of one relying on the decreasing of the other.

GAP PERIOD

Duration for calculating total earnings on excess deferral distributions from Roth IRA and relevant 401(k) plans. Typically occurs between a distribution date and a calendar segment end date, quarterly or yearly.

GATEKEEPER

Authorized person with access control to a decision maker or specific information. Typically a junior officer or a secretary.

GENERAL ADJUSTMENT BUREAU

A stand-alone company adjusting claims as well as training adjusters. Essentially an adjustment clearinghouse for many different insurers.

GENERAL CONDITIONS

Usually in a spec’s book or in associated architectural drawings of a contract, these contract conditions set the rights and responsibilities of the parties involved as well as the minimum contractor performance

GENERAL MORTGAGE BOND

Outranked by one or more senior bonds this bond is secured on the assets of the issuer by a blanket charge .

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

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