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

Category: G

GRINDER

Nickname to an investor that does not experience a high return on profit, even though consistently investing.

GROSS RECORDING METHOD

Accounting procedure. Posting cash discounts on purchases against a journal entry’s full invoice amount. Recording the discount can treat it as non-revenue if deducted from the original debited amount or as revenue

GROUND RENT

Leased land payment to the owner. Allows the lessor to improve the land. However, the property returns to the owner as-s at the end of the lease.

GROWTH INVESTING

When stocks with good earnings and growth are bought with no accounting for the prices. They have low dividend yield and less protection. They are more risky and the interest changes depending

GUESSTIMATE

A guess based on broad assumptions and calcuations.

GUS CLASSIFICATION

Inventory that is seperated in three categories. They are general items used often, unique items used in one way, and specific items only in one product.

GAINS

Value increase posted on the company’s balance sheet, reflected in the company’s financials. Caused by the profitable sale of an asset, a valued instrument.

GAPPING

The process of deliberately mismatching ASSETS and LIABILITIES in order to take advantage of an anticipated change in INTEREST RATES. Although gapping has the potential of generating greater returns, it can also

GATEWAY

1. In General, this is an access point to an agency, a system, or specific information. Typically is another agency or mechanism that provides access. 2. In Computer networks, this is a

GENERAL AGENT

1. Has several principals as business or professional clients. 2. Authorized to act in a client’s or principal’s behalf in specific or all business dealings, like banking or legal. Also refer to

GENERAL CONTRACT PROVISIONS

One prime contractor requirements on accountability for the entire project are set in the construction contract. Delivery and payment terms, breach-of-contract and prescribed remedies are examples of some of the requirements covering

GENERAL OVERHEAD ACCOUNT

Specific cost area, job, or task tracked in this ledger account holding unassociated labor and nonlabor expense records.

GENERIC BENCHMARKING

One of four different types of benchmarking. In unrelated industries comparing the performance of similar organizational processes. Drives toward setting new standards by improving performance and processes used.

GEOGRAPHICAL DIVERSIFICATION

To reduce risk exposure to events affecting one region, this investment strategy develops a portfolio comprised of companies across different geographic regions.

GIFTED

A person above average in one or more talents. Usually a child. An example is any child of seven or less who is able to play an instrument at near adult level.

GIVE UP

Highly scrutinized, most investment firms avoid this practice. Who is entitled to the commission fee on a transaction that an investment broker posts for another investment broker but takes record of full

GLOBAL ECONOMY

Intertwined economic activity of various countries considered worldwide by their impact on other countries negatively or positively. Examples are the faltering European governments and their impact on the financial markets world wide.

GLOBAL STRATEGY

Targeting growth for sales of products or services worldwide, an organization plans product development.

GOAL SEEKING

Modeling scenario analysis or goal seek or what if analysis. Modeling the mapping / tracking data sources into a process to project expectations. Drive towards determining what is needed to archive a

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