The Law Dictionary

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

Category: G

GROUP OF EIGHT (G-8)

The eight industrialized nations governmental leaders. They are the United States of America, Japan, Russia, France, Germany, Italy, Canada, and Britian. It was called G6 until Canada joined in 1976 and Russia

GROWTH OBJECTIVES

A goal that guides decision making for a firm. It is indended to between present and projected earnings.

GUARANTEED LOAN

A loan that is backed by government agencies that pays the loan in case of default. A student of business loan is an example.

GUN JUMPING

(1) The public solicitation of orders for a PRIMARY OFFERING before REGISTRATION is complete. (2) TRADING of securities on the basis of nonpublic information (as a form of INSIDER TRADING). Gun jumping

GAINS

Value increase posted on the company’s balance sheet, reflected in the company’s financials. Caused by the profitable sale of an asset, a valued instrument.

GAPPING

The process of deliberately mismatching ASSETS and LIABILITIES in order to take advantage of an anticipated change in INTEREST RATES. Although gapping has the potential of generating greater returns, it can also

GATEWAY

1. In General, this is an access point to an agency, a system, or specific information. Typically is another agency or mechanism that provides access. 2. In Computer networks, this is a

GENERAL AGENT

1. Has several principals as business or professional clients. 2. Authorized to act in a client’s or principal’s behalf in specific or all business dealings, like banking or legal. Also refer to

GENERAL CONTRACT

One prime contractor accountability for the entire project is set in this construction contract.

GENERAL SPECIFICATION

When two or more classes, grades, materials, services, styles, or types of goods or services have a requirement, the covering specification is considered to be general.

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.

GENTRIFICATION

The evolution of an area due to an influx of wealthier residents and an influx of their wealth into an area. Lower-income residents begin to sell, profiting from wealthier inhabitants moving into

GHOST SITE

Name given to a now dead Website that was once active.

GIGABIT (GB)

One billion bits. Exponential: 2^30; As a number:1,073,741,824.

GIVE-UP

A brokered trade executed on behalf on another party; once executed, the name of the party to the trade is

GLOBAL DISTRIBUTION SYSTEM (GDS)

Reservation network used world-wide as a single point of access by travel agents, online reservation sites, and large corporations. Computerized, it includes reserving most travel related items like airline seats, hotel rooms,

GLOBAL RISK

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

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