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

Category: G

GREENMAIL

It is a type of blackmail as a corporate raider holds enough stock to conduct a hostile takeover. This forces the threatened firm to buy back the raider’s shares at an inflated

GROSS ESTATE

Un-adjusted, under probate estate value; probate fees are a percentage of this value.

GROSS PREMIUM

the normal life insurance premium the policy owner pays. Net premium plus expenses plus commissions comprise this value.

GROSS WEIGHT

1. In Air transport, this the total weigh of aircraft, fuel, crew, passengers, and cargo, everything flying. 2. In Rail and road transport, this is the total weight vehicle, goods, and fuel,

GROUPWARE

Work group software that gives structure to collaborate and communicate on activities for that group. Members of a team can get the same data on a network. AKA collaborative tools.

GUARDED

Any barriers that are set in place to prevent access to property. It is done to prevent damage and protect from danger. It can be a fense, casing, or screen.

GUIDELINE LIVES

Asset lives that decide tax depreciation of a building or equipments. It uses categories for apartments and warehouses.

GAIN ON SALE OF ASSETS

Value increase posted on the balance sheet when a company profitably sells an valued asset. Selling furniture used in an office is an example.

GANTT CHART

A bar chart showing duration. Typically used for scheduled and completed work over a period. Invented in 1917 by US engineer-scientific management pioneer, Henry L. Gantt (1861-1919). The chart’s horizontal axis maps

GASFIELD

Where gas wells are drilled, in an onshore or offshore geographical area.

GEMOLOGY

Definition: Study of precious gems and gemstones. Industry uses it for subject matter expertise with gem appraisals.

GENERAL CARGO

Household goods or office furniture are not classified as generable transportable goods.

GENERATION X

Often described as cynical or disaffected people, this is a label for those born during the 1960s and 1970s. Often shortened to Gen X. With an increased understanding of technology by growing

GENSAKI

The broad Japanese MONEY MARKET, which includes trading in shortterm GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, NOTES, REPURCHASE AGREEMENTS and REVERSE REPURCHASE AGREEMENTS.

GETTING THINGS DONE (GTD)

David Allen authored this organizational method and book. The point that individuals must record critical tasks to get them done and out of their mind is the keystone principle. This frees the

GILT EDGED SECURITY

Such securities once had gilded edges. High-grade bond, known to pay its obligations on time and in full. Issued by a stable firm with a long record of consistent earnings, or a

GLOBAL CARBON BUDGET

In the carbon cycle where carbon exchanges occur between the earth’s carbon reservoirs of land mass and the atmosphere, this is the sum of all of these exchanges, both inflows and outflows,

GLOBAL RECESSION

Economic decline becoming worldwide in its impact. Long-term decline in Europe’s markets cause decline in the US and vice versa.

GNOME

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

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