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

Category: G

GENERAL CONTRACTOR

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

GENERAL PACKET RADIO SERVICE (GPRS)

Communication technology based on Global System for Mobile Communications (GSM) standard. Europe’s packet switched non-voice wireless data. Introduced in 2002, it transmits intermittent data transfer of about 500 octet size in short

GENERIC COMPETITION

Audio cassettes and CDs, adhesive tape and glue sticks, carpets and tiles are competitive products, different, yet solutions and beneficial for the same situations.

GEOGRAPHICAL FILING

Documents filed alphabetically within categories, by source or destination of the record’s geographic locations. A specific record keeping method.

GIFTING PHASE

Part of estate planning strategy. An investor uses wealth to provide for the current and future needs of loved ones and charities. Typically a rewarding time for the investor. Meaningful giving and

GIVE-UP

A brokered trade executed on behalf on another party; once executed, the name of the party to the trade is

GLOBAL INFORMATION INFRASTRUCTURE (GII)

Proposed telecommunications and information technology networks as a governmental and nongovernmental, worldwide infrastructure. Its objective is dissemination of information and remote collaboration spurring faster and greater economic growth.

GLOBAL WARMING

Temperature steadily rising for the near-surface, lower atmosphere average. Currently believed from emissions build-up of greenhouse gases (refer to greenhouse effect). This temperature has risen by 0.6

GOAL SETTING

One principle is that performance is enhanced when a person sets specific goals. Setting tougher goals drives higher performance than setting easier goals is a second principle. This is a motivational technique

GOLDEN BOOT

To accept a ‘voluntary separation’ or retirement proposal, this incentive is offered to an unwanted employee. Also refer to golden handshake.

GOOD STANDING

Entity status in terms of being up-to-date for anything due, like dues, reports, other criteria, as a member of an organization.

GRADED COMMISSION

Commissions as a percentage paid per an achievement schedule. Category or amount of policies written is the basis for the step-wise levels of commissions paid.

GRAND OPENING

A new business or a new location having its official opening. Customers alerted to the opening are drawn to come and see. During such an opening most stores offer special promotional items

GRAY WATER

Waste water relatively clean. Sourced from the kitchen, or tub or sink or shower, not the toilet, and laundering. Usable with little or no treatment for landscape irrigation and other non-potable uses.

GROSS ANNUAL INCOME

Un-taxed, un-adjusted, total annual income earnings. Is the amount of money an entity earns in one year from all sources, before taxes. Gross annual income is the starting base figure.

GROSS NATIONAL EXPENDITURE

Country’s total expenses, both public and private, excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.

GROSS REVENUE

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

GROUNDING

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

GROWTH PHASE

The life cycle stage beyond start up that involves more competition for market shares.

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