The Law Dictionary

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

Category: G

GREEN ECONOMICS

Environmental focus as an economic section that correlates relational impacts of economics and environmental positives. Each economic decision must have a focus on the environment is a foundational principle. Economic focus in

GRIDLOCK

In Finance, this is the inability to do day-to-day operations due to a business crisis using essential corporate resources, and unable to resolve the crisis.

GROSS PROFIT

Total revenue minus total cost of goods or services sold. This includes all production, marketing, and distribution costs.

GROSSED-UP GIFT

The total amount promised by the deceased to a beneficiary. Since a gift tax can reduces the promised value, there is a practice of adding an amount back into the deflated value

GROUP CREDIT INSURANCE

Creditors group insurance coverage. Guarantees a borrower’s loans will be paid off, even if the borrower dies. Issued to reduce risk of default.

GROUP OF ELEVEN (G-11)

The nations with the most debt in Latin America. They are Argentina, Bolivia, Brazil, Chile, Columbia, Dominican Republic, Ecuador, Mexico, Peru, Uruguay, and Venezuela. It was formed in 1984

GROWTH PHASE

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

GUERILLA MARKETING

When a small firm can compete with a bigger one getting a narrow niche of profit. It can be extreme specialization, impressing customers, providing great service, having fast response time, fast turnaround,

GUN-JUMPING

Solicitation of interest in a public offer before the registration is filed. It is an illegal act and will create penalties.

GAINS SHARING

Pay-incentive plan. Motivational tool for employees as a group. Seeks improved productivity in their workgroup. Improvement comes from a more efficient use of resources (energy, labor, and materials). The group shares the

GARAGE COVERAGE FORM

Auto repair shops, dealerships, or garages, any business’s commercial coverage for multiple automobiles on their premises.

GATEWAY CITY

Entry point to or from a country; a primary arrival and departure point. Typically is an airport or seaport.

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 MORTGAGE BOND

Outranked by one or more senior bonds this bond is secured on the assets of the issuer by a blanket charge .

GENERAL STRIKE

Seeking to extract concessions, this type of labor stoppage tries to paralyze a country or regional economy. Far-reaching labor stoppage in most or all industries. Rare in developed countries. The last one

GENERATIONAL ACCOUNTING

Economic status accounting based on current versus previous years, Predictive type of accounting of the economy for the next generation gap. Involves generational monitoring.

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