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

Category: G

GENERAL ACCOUNT

Typically, an investment portfolio composed of safe, guaranteed investments. Used to invest the premium generated income.

GENERAL COMMODITY RATE

All commodities have the same, general rate applied, typically priced by bulk unit, unless otherwise specified. Also called an in-transit commodities rate .

GENERATOR

Mechanical energy is converted into electrical energy by this type of equipment.

GEOGRAPHIC ORGANIZATION

Core functions of planning and marketing administered by geographical units reporting into a entity’s central headquarters. The entity is typically organized into regional, national, international groups.

GIBSON’S PARADOX

J.M. Keynes observed a correlation between interest rates and the general price level of gold economics. At that time in history the general view that had previously been held by economists was

GINNIE MAE II

Generally collateralized by multiple pools of mortgages this US pass-through mortgage securities pays interest and principal separately.

GLOBAL DEPOSITORY RECEIPT (GDR)

Issued by one country’s bank as negotiable certificate. Traded on the stock exchange of another country against a certain number of shares held in its custody. Can be bought and sold like

GLOBAL RESOURCE INFORMATION DATABASE (GRID)

The UN Environment Program (UNEP) set up this agency in 1985. It has two purposes: (1)integrate scientific understanding of the worlds’ processes; (2) have sound environmental management in countries, land-mass, and worldwide

GOAL COMMITMENT

A documented dedication of time, money, people towards gaining a stated objective.

GOLD FIX

The spot price of gold bullion and gold related contracts the world over is set every business day at 10:30 a.m. and 3:30 p.m., GMT, twice daily, by experts in London, Paris,

GONE CONCERN

Entity defunct or soon to be defunct. Goodwill value is gone. Worth of any tangible assets is now tied to auction or liquidation. Debt is now due, full and immediate. Also refer

GRACE PERIOD

Additional time scheduled or allocated to complete a task, such as complying with a regulation, meeting an obligation, or obtaining an agreement.

GRAINS PER GALLON (GPG)

Water hardness as a measured unit. 1 grain (64.8 milligrams) of calcium carbonate dissolved in 1 US gallon of water equals one GPG. It figures out to be 14.3 parts per million

GRAY KNIGHT

A second unsolicited bidder in a HOSTILE TAKEOVER transaction that attempts to take advantage of the target company

GRIDLOCK

In Finance, this is the inability to do day-to-day operations due to a business crisis using essential corporate resources, and unable to resolve the crisis.

GROSS RATING POINT (GRP)

Weekly advertising schedule’s rating points tally. Can be tallied for longer periods. The tally can represent the percent of targeted households reached once per week, or the percentage of them reached 100

GROUND LEASE

Type of lease that is long-term, typically 99 years. It involves land with standing buildings or for developing land. the owner of the land gets the property as-is at the end of

GROWTH FUND

A mutual fund that invests in stock. These stocks are in their growth stage and thusly have a higher risk. Income stocks are more stable and risk less principal.

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