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

Category: G

GRADIENT

Slope angle, be it an incline or a decline. Three typical ways to measure it: (1) The difference between the ground or horizontal, the ‘grade line’ and the incline or decline stated

GRANULARITY

Conveys the perception of great or greater detail. Typically used when discussing a model or decision making process. More granularity means greater detail. An example is the level of detail, or granularity,

GREEKS

RISK measures for DERIVATIVES that are used to determine the price sensitivity of contracts to changes in the UNDERLYING ASSET (DELTA, GAMMA), VOLATILITY (VEGA), passage of time (THETA), and INTEREST RATES (RHO).

GROSS BOOK VALUE

Asset’s original, historical purchase price, depreciation deductions excluded.

GROSS NATIONAL PRODUCT (GNP)

National GDP plus overseas income from in-country companies’ foreign subsidiaries as well as nationals living out of the country.

GROSS SPREAD

The term for gross income in the securities industry. The difference of investor’s purchase cost and issuer’s sale . Underwriter’s fee, issue manager’s fee, and security selling firm discount are all items

GROUP CERTIFICATE

Lists group benefits given to each group plan policyholder. Typically, this is a certificate .

GROWTH STRATEGY

When a larger market share is won at the expense of short term earnings. There are four strategies taht are diversificatin, product development, market penetration, and market developmen.

GUIDANCE LINE

A BANK LINE granted to a customer that is used by the lending institution for internal management purposes and is not specifically communicated to the customer. Since the client pays no COMMITMENT

G-8 FINANCE MINISTERS

Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States G8 summit representatives in the annual meeting.

GAMBLING INCOME

Money gained by wagering. Legal gambling operations such as slot machines, horse races or lottery allows a person to submit a tax filing declaration of gambling income.

GARNISHMENT PAYABLE

Legal action requiring a company to record an involved employee’s wages even if the employee received no wages.

GAZELLE COMPANY

A company with sales revenue growth of 20 percent or higher annually. Usually known for many new job opportunities. Typically, a small publicly traded companies sustaining this growth four years running, with

GENERAL AND ADMINISTRATIVE LEVERAGE

A variable of potential lessening in overall administrative costs when analyzing outcome as companies combine following an acquisition. Typically, less cost is expected once the companies combine. Contrasts to costs of independently

GENERAL ENVIRONMENT

Generally impacting everyone in an industry or market in a similar way, these legal, political, and social circumstances are factors and conditions.

GEORGE SOROS

Born on August 12, 1930, this Hungarian American businessman and financier claimed fame earning a reported $1 billion. He anticipated the pound sterling devaluation out of the 1992 UK currency crises. Chairman

GIGAFLOP (GFLOPS)

The number of floating point operations per second a computer can do equals one billion (10^9).

GLASS COVERAGE FORM

Commercial glass insurance, for example, plate glass covered by a form specifically.

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