The Law Dictionary

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

Category: G

GENERATION Y

Born during the 1980s and early 1990s, this group of people’s name is based on the generation that preceded them, Generation X.

GENTRIFICATION

The evolution of an area due to an influx of wealthier residents and an influx of their wealth into an area. Lower-income residents begin to sell, profiting from wealthier inhabitants moving into

GHOST SITE

Name given to a now dead Website that was once active.

GIGABIT (GB)

One billion bits. Exponential: 2^30; As a number:1,073,741,824.

GIVE-UP

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

GLOBAL DISTRIBUTION SYSTEM (GDS)

Reservation network used world-wide as a single point of access by travel agents, online reservation sites, and large corporations. Computerized, it includes reserving most travel related items like airline seats, hotel rooms,

GLOBAL RISK

External risk to world-wide environment; outside the influence of a single country’s government.

GOAL COMPATIBILITY

An ability or willingness to combine different objectives of different entities toward common or diverse goals with in a designated time period.

GOLD FUND

Securities associated with gold like those for gold mining, refining, and selling are the focus of most or all of the resources this type of mutual fund invests. Known also as precious

GOOD CONSIDERATION

A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and

GOODNESS OF FIT

Warm fuzzy; level of confidence. Degree of comfort that a sample survey’s or test result are reliable for making dependable projections. Described formally as the degree of linear correlation of variables, it

GOVERNMENT BOND

A DEBT instrument issued by a governmental authority as a funding mechanism. Government bonds are generally issued on a fixed or floating rate, COUPON BEARING, basis, with maturities extending from 1 to

GRADE

1. Category level, quality rating, or step-wise rank. 2. Scaled classification. 3. To make a bumpy surface even or smooth. 4. A building or structure horizontal ground level 5. Another name for

GRAND JURY

Type of jury composed of 23 citizens. This is a pre-trial jury that decides if prosecution evidence is sufficiently strong to bring an accused to trial for the specified crime. Abolished in

GRAVEYARD MARKET

Bear, or down, market with substantial losses facing sellers, with buyers staying out of the market, keeping liquid, not investing. The name comes from no action, or trading life, in the market.

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

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