The Law Dictionary

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

Category: G

GROUND BUS

Where a ground wire is connected to earth as the neutral service wire as a part in an electrical service panel.

GROUP CURRENCY

If a company derives revenue in more than one currency, or has subsidiaries or divisions in foreign countries, its consolidated financial statement requires one currency for reporting. Each other currency is converted

GROUP OF FIFTEEN (G-15)

A slightly better of group of nations that was started in 1990. They are Algeria, Argentinia, Brazil, Egypt, India, Indonesia, Jamaica, Malaysia, Mexico, Nigeria, Peru, Senegal, Venezuela, Yugoslavia, and Zimbabwe.

GROUP ROTATION MANAGER

A manager that follows market trends to keep securities at the strongest market value. They manage a fund or portfolio to outperform the market.

GROWTH POTENTIAL

The probability that a business will grown. It uses sales and revenues to predict this.

GUARANTEED MORTGAGE CERTIFICATE (GMC)

A mortgage bond that passes through the Freddie Mac purchasing process. It is resold to investors. Incremental principal is sold and interest is paid semianually. Principal is paid annually.

GUERTIN LAWS

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

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.

GALVANIZED STEEL

Any steel with a thin outer corrosion resistance layer of zinc. Corrosion resistance is longer as the zinc coating is thicker. period Thickness of the zinc layer determines . Can be sheet,

GATHER IN THE STOPS

Concentrated selling to drive a security price down to levels where STOP ORDERS are known to exist. This forces the stop orders to convert into buy or sell MARKET ORDERS, clearing the

GENERAL AGGREGATE LIMIT

Commercial general liability limit legally imposed. Applies to personal injury, property damage, and bodily injury awards and several different types of damages.

GENERAL CONTRACTOR

Primary person or firm solely accountable to perform a contract. This primary typically supervises activities and coordinates the use of subcontractors .

GENERAL OBLIGATION (GO) BOND

In the United States, a MUNICIPAL BOND issued by a state or local authority that is typically used to finance nonrevenue producing projects, such as schools and transportation systems. Bonds are generally

GENERAL SYSTEMS THEORY (GST)

Focusing on system structure instead of system functionality, it is one of the several methodologies that uses system logic approach to solving complex phenomenon and problems. Proposes that, regardless of their purpose,

GENERATIVE LEARNING

Incorporating current knowledge with experimentation and open-mindedness of new ideas into a style of learning. A new way of viewing old methods drives this style of learning. It encourages individual and team

GEOGRAPHIC INFORMATION SYSTEM (GIS)

Software generating overlay maps to reference database information in combination with cartography. Displays range from the number of customers or prospects residing in a locality, for marketing purposes, to the extent of

GHOSTING

Challenging the value of a stock in trying to decrease stock prices by two or more companies. Inappropriate, unfair tactic.

GIGAFLOP (GFLOPS)

The number of floating point operations per second a computer can do equals one billion (10^9).

GLASS

transparent material, Solid but easily breakable. Man-made; does not break down organically. material that is usually and breaks easily. For example, used for windows, eye glasses, and bottles. Made by fusing sand,

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