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

Category: G

GUERILLA MARKETING

When a small firm can compete with a bigger one getting a narrow niche of profit. It can be extreme specialization, impressing customers, providing great service, having fast response time, fast turnaround,

GUNS OR BUTTER

A model that compares military spending and food supplies in a nations spending. It shows the increase of one relying on the decreasing of the other.

GAP PERIOD

Duration for calculating total earnings on excess deferral distributions from Roth IRA and relevant 401(k) plans. Typically occurs between a distribution date and a calendar segment end date, quarterly or yearly.

GATEKEEPER

Authorized person with access control to a decision maker or specific information. Typically a junior officer or a secretary.

GENERAL ADJUSTMENT BUREAU

A stand-alone company adjusting claims as well as training adjusters. Essentially an adjustment clearinghouse for many different insurers.

GENERAL CONDITIONS

Usually in a spec’s book or in associated architectural drawings of a contract, these contract conditions set the rights and responsibilities of the parties involved as well as the minimum contractor performance

GENERAL MORTGAGE BOND

Outranked by one or more senior bonds this bond is secured on the assets of the issuer by a blanket charge .

GENERIC

An item marketed with no brand name, trademark, or other distinguishing feature. Nothing separates it from other similar items except for it market name. Part of a certain general class, or genus,

GEOGRAPHIC PRICING

Transportation costs based on the customer’s or market’s distance is computed to generate a selling price using this variable-pricing method.

GIFFEN GOOD

Condition seemingly paradoxal that a consumer item, deemed essential to the community, is in greater demand when its price rises, and in less demand when the price falls. This occurred to corn

GINZY TRADE

Buying or selling a high volume of stocks or bonds for less than the security’s current value. This type of trade is deemed to be inappropriate behavior.

GLOBAL DEPOSITORY SHARE (GDS)

COMMON STOCK issued by a nonlocal company in a local marketplace. GDSs, generally denominated in the local currency (and occasionally in US dollars), are typically registered with local regulators and may be

GLOBAL RISK

External risk to world-wide environment; outside the influence of a single country’s government.

GOAL COMPATIBILITY

An ability or willingness to combine different objectives of different entities toward common or diverse goals with in a designated time period.

GOLD FUND

Securities associated with gold like those for gold mining, refining, and selling are the focus of most or all of the resources this type of mutual fund invests. Known also as precious

GOOD CONSIDERATION

A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and

GRACE PERIOD CLAUSE

Loan agreement point that a borrower cam skip installments if the borrower prepaid some of the loan. The skipped installments can not exceed the amount prepaid.

GRAM

Metric system weight unit. Equals 1/1000th (one one-thousandth) of a kilogram, about 0.35 ounce, 0.02 pound, or 15.43 grains equivalence in the decimal system.

GRAY LIST

An organization’s position with an investment bank renders these stocks ineligible for trade. Ongoing matters of acquisitions and mergers of companies push stocks onto the gray list and are not traded by

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