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

Category: G

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.

GOING RATE

Like a commission, discount, or interest, it is some percentage to the existing price.

GOLDEN SECTION

A line divided into two unequal parts that have ratios stated as: the ratio of the smaller part (‘a’) to the larger part (‘b’) is the same ration as the larger part

GOPHER

Obsoleted by Google-like advanced search engine. Early online method of simple text storage and retrieval.

GRAPHICAL USER INTERFACE (GUI)

Interface, point-of-contact software managing what passes forth and back between the computer and its user. Whatever displays, whatever a user enters, by keystroke, mouseclick, finger or stylus touch, or speech, is managed

GREENSHOE

An OPTION granted by an issuing company to the SYNDICATE UNDERWRITING a NEW ISSUE of EQUITY, which permits the syndicate to sell additional shares as part of the PRIMARY MARKET offering in

GROSS INCOME

Production costs or cost of sales amount exceed by unadjusted, total sales revenue.

GROSS PRICE

Product or service invoiced value prior to any discounting. A value in accounting principles.

GROSSED-UP GIFT

The total amount promised by the deceased to a beneficiary. Since a gift tax can reduces the promised value, there is a practice of adding an amount back into the deflated value

GROUT

Mixxing aggregate, cement, and water to fill spaces between bricks or other frames.

GUARDIAN ACCOUNT

An account for a house that a guardian can get to as manager of the affairs of a disabled person. It is in the name of the beneficiary and the guardian and

GAIN ON SALE OF AUTOMOBILE

Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when

GAP

Unfilled difference. In project planning and scheduling, resources needed unmet by resources available cause a gap.

GASOHOL

Mixture of nine parts of unleaded gasoline by volume with one part of ethanol, ethyl alcohol. Ethanol source is fermented agricultural produce, typically corn. ‘Gasohol’ is a registered trademark of the Nebraska

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