The Law Dictionary

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

Category: G

GOOD MONEY

Any source of funds that is available for immediate use, such as FEDERAL FUNDS.

GOVERNANCE

Applying policies, proper implementation, and continuous monitoring. Typically done through or by an organization’s governing body. Accountability, balance of power, and improving the worth and continuance of the firm are the mechanisms

GOVERNMENTAL

Involving the government. Examples are: governmental policy, governmental rulings, governmental limitations.

GRADUATED WAGE

Level-structured organizational salaries. Individual performance, seniority, experience and job grade all factor into salary increases.

GRAPH

Depiction of data point relationships in a two-dimensional drawing. The relationship, most commonly between two set of numbers, displays in several different ways. It can be a line, a curve, a series

GREEN

Having attributes or objectives environmentally positive.

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 NEGLIGENCE

A severe degree of negligence taken as reckless disregard. Blatant indifference to one’s legal duty, other’s safety, or their rights are examples. There is no specific legal definition, but if one drives

GROSS SALES

Un-adjusted, total sales invoice value. Un-adjusted means prior to deducting discounts or returns, or miscellaneous adjustments.

GROUP

1. Two or more of something with some type of commonality. Typically, people who work together to achieve a common set of goals. This involves regular contact, frequent interaction, mutual influence, and

GROWTH CURVE

A graph that shows a variable against time. It shows growth of the variable.

GUARANTEED DEATH BENEFIT

The guarantee for annuity contract that the beneficiary will get the death benefits if the party dies before the payments are done. They get the amount invested or current value of the

GUARANTY FUNDS

A fund that has money in it from an insurers business in the state. It is required by the state. It is used to cover debts and claims. It is called an

GUIDELINE

A practice that allows leeway in its interpretation.

GAP ANALYSIS

The action taken to identify one or more gaps. Helps in replanning and taking needed steps achieve the wanted, successful project completion. Known also as need gap analysis, needs analysis, and needs

GASOLINE

A petroleum product derived from crude oil. Internal combustion engine fuel. A highly flammable liquid that evaporates during engine use. Auto-manufactures now build vehicles to use less gasoline, and mixtures. Increased demand

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