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

Category: G

GRIEVANCE

1. In Law, this is (1) a complaint due to injury, injustice, or wrong. (2) The injustice itself. 2. In HR, this is a specific complaint. It is a formal employee notice

GROSS MARGIN

(Sales revenue minus Cost of sales) divided by Sales revenue calculates this value.

GROSS RECEIPTS

Total amount of monies taken in from sales, asset interest, and any rents, minus monies taken in from the sale of assets or an employee withholding tax. Typically done before deducting expenses.

GROUND OPERATOR

Entity providing accommodations, sight seeing, or local transportation to incoming passengers. Known also as purveyor.

GROWTH INDUSTRY

A sector of the economy that is growing faster than the economy. AKA sunrise industry.

GUERTIN LAWS

Laws about nonforfeiture and value that are standard. The NAIC committee developed the laws, specifically Alfred Guertin in 1947.

GUNSLINGER

Slang term for a broker that is searching for the next big thing.

GAINFUL EMPLOYMENT

Condition of the employee receiving consistent work and payment from the employer. What a worker or college graduate seeks to provide consistent, continual income for self and family. Used in ranking colleges

GAP RATIO

Calculated as the worth of a company’s short-term investments against short-term expenses. Measures recognized profit at investment due-date.

GATEKEEPER MODEL

The patient’s contact point, referring patients for testing and to specialists. Typically, the patient’s primary care physician in certain types of HMO or PPO.

GENERAL CONTRACT

One prime contractor accountability for the entire project is set in this construction contract.

GENERAL ORDER WAREHOUSE

Storage facility for goods not yet been bonded through Customs for legal entry into the country, but have arrived in the United States. Items can be in the warehouse for up to

GENERIC APPEAL

Promoting a product category as an advertising strategy. Contrast this to marketing a specific brand name product in that category. To encourage children to eat vegetables, an advertisement will not name a

GEOGRAPHIC SEGMENTATION

Separation of geographic areas into marketing / advertising areas. Occurs after analyzing collected information in the physical location of the customer or other data source. Companies marketing products and services want to

GIFT CARD

Debit card with a preloaded amount. The cardholder uses it for the purchase of goods or services. Most can be used anywhere like a major credit card. However, some gift cards are

GIRO

A system of physical or electronic payment transfers for consumer purchases, used primarily in Europe and Japan. The giro results in a direct transfer of funds from the consumer, payer, or debtor

GLOBAL DISTRIBUTION SYSTEM (GDS)

Reservation network used world-wide as a single point of access by travel agents, online reservation sites, and large corporations. Computerized, it includes reserving most travel related items like airline seats, hotel rooms,

GLOBAL SOURCING

A business’s procurement strategy for establishing the most cost efficient location for a manufactured product. typically located in a foreign country. As is currently true, a company closes the domestic factory and

GOAL SEEK

Also known as scenario analysis. Mapping and tracking one or more sources of data into a proposed process to potentially achieve a desired set of one or more expectation. Using varying steps

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