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

Category: G

GOING PUBLIC

Called an initial public offering, or IPO, a previously privately-held entity makes its shares available to the public via the open market for the first time.

GOLDEN RULE

Unless doing so would be patently absurd, courts should hold to commonly understood meanings of the words of a document .

GOOGLE CHECKOUT

Google-owned payment processing service. Makes online purchase paying very easy for buyers. Checking order and in-transit status from multiple websites happens on one page via one’s Google Checkout account. Stores credit and

GRADUATED LEASE

A lease that uses variable payments adjusted periodically to recognize current value. Payment amounts can also be An economic benchmark rate, like the consumer price index, can be used to adjust the

GRAPHICAL DEVICE INTERFACE

Windows operating system functionality of display and print features. A graphic is displayed or printed, controlled by the computer operating system, not the monitor or the printer.

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.

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