The Law Dictionary

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

Category: G

GOVERNMENT DEBT

Government-and-agencies-issued debt securities, fully backed by faith and credit, tallied to an aggregate value.

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

GRAVURE PRINTING

Process of etching a printable onto the printing plate. Contrast to letterpress and flexographic printing. The printing ink transfers directly to the paper. Contrast this to offset printing. Typically used in long

GREEN INVESTOR

One who focuses thinking, actions, as well as investing on the environment-friendly investments even if returns are less than other securities.

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 LEASE

Lease type. The tenant. or lessee, is accountable only for a fixed fee or rent. The owner pays all other expenses, service fees, and taxes. Insurance, maintenance, and taxes are examples of

GROSS PROFIT MARGIN

Company’s profitability as a percentage of gross profit. Calculation is gross profit divided by revenue.

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.

GALVANIZING

The coating of steel with a zinc film. Provides long term corrosion protection and abrasion resistance, up to generally 10 to 30 years. The tried and true hot-metal bath and the newer

GARBAGE-IN, GARBAGE-OUT (GIGO)

Computer industry phrase. Denotes that a program working on inaccurate data yields only misleading results. Promotes the attitude of assuring high quality of source information for a computerized system to better assure

GATHERING IN THE STOPS

Forcing stock prices lower to encourage investor buying at that lower price. Occurs by investment brokers initiating stop orders.

GENERAL AGREEMENT ON TARIFF AND TRADE (GATT)

Formed in 1947 in Geneva, Switzerland. Free trade between contracting, signatory countries enacted. Intended to mitigate devastating effects of protectionist measures. One severe example of such was the US Smoot-Hawley tariff. It

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