The Law Dictionary

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

Category: G

GINNIE MAE I

Generally collateralized by a single pool of mortgages this US pass-through mortgage securities pays interest and principal separately.

GLOBAL BOND

A BOND that is issued simultaneously in a domestic market and the EUROMARKETS. Global bonds, which may be fixed or floating rate and carry maturities ranging from 1 to 30 years, are

GLOBAL PRICING CONTRACT

A supplier must charge the same price to customers by contract for the delivery of parts and services around the world. this practice very popular due to the benefits from worldwide price

GLUT

Anything exceeding demand. Typically, decreases market price.

GOING PRIVATE

Transitioning to a closely-held private firm from a public firm with outstanding shares by repurchase of all said shares, taking itself off the open market.

GOLDEN PARACHUTE

To compensate for loss of office after a takeover or merger, a huge bonus and/or a lucrative contract or a stockholding (shareholding) in the new setup is offered to a director or

GOOD MANUFACTURING PRACTICES

Plant and facility operations guidelines to mitigate potential and real risks. These guidelines are for food processors and seek to include all HACCP methods and procedures. (1) plant design and construction material,

GOVERN

Exercise executive power, fairly and systematically.

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).

GREENFIELD SITE

Held aside for commercial development or industrial projects, this is an other undeveloped site area of agricultural or forest land. Also refer to brownfield site.

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 SALARY

Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use to base

GROUP INCENTIVE PROGRAM

Reductions in costs, increases in productivity, progress in attaining firm’s objectives and the like are measures of performance linking pay to the compensation system.

GROWTH COMPANY

A company that is a leader in their industry because of a high growth level. The cash flow and earnings are used to decided this. The companies have something that draws more

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.