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

Category: G

GROUND FOR DIVORCE

These are the legal causes that allow a divorce to take place and differ in each state.

GINNIE MAE

how you pronounce the abbreviation for the Government National Mortgage Association that reads GNMA.

GERMANE

a term that means something that is relevant, pertinent to and apropos.

GALVANIZED STEEL

Any steel with a thin outer corrosion resistance layer of zinc. Corrosion resistance is longer as the zinc coating is thicker. period Thickness of the zinc layer determines . Can be sheet,

GATHER IN THE STOPS

Concentrated selling to drive a security price down to levels where STOP ORDERS are known to exist. This forces the stop orders to convert into buy or sell MARKET ORDERS, clearing the

GENERAL AGGREGATE LIMIT

Commercial general liability limit legally imposed. Applies to personal injury, property damage, and bodily injury awards and several different types of damages.

GENERAL COUNSEL

A senior partner in a law firm or the firm’s full time employee who is a senior lawyer representing a firm.

GENERAL PARTNERSHIP

Two or more co-owners as general partners in an unincorporated business. Jointly and severally liable all partners for the firm’s obligations. As each general partner is bound by the actions of the

GENERIC MARK

A legally unprotected, yet distinguishing mark, in the form of a symbol or a word. This mark definitively categorizes and defines a type of product or service. Some examples are name we

GEOGRAPHICAL LABOR MOBILITY

Worker ability to find employment by moving as necessary. Government policies and common standards of living tied to available transportation options enhance mobility.

GIGA (G)

Specifies a multiple of one billion as a prefix.

GLAMOR STOCK

Sold at high price-earnings ratios and believed to rise faster than the rest of the market, this type of stock is popular due to the high earnings growth rate. Favorably viewed by

GLOBAL INTERDEPENDENCE

World-wide, mutual dependence. Perceived as each country depending on, and depended on other countries. Comes from the importing and exporting of goods and services. Has been the source that highly contributes to

GLOBAL WARMING POTENTIAL (GWP)

Ratio of potential atmospheric warming caused by a substance measure to the same mass of carbon dioxide. Methane is 21, and water vapor is zero. An example is CFC12, a refrigerant, of

GOING CONCERN

A business currently successful with indications in the foreseeable future of continuing to do well.

GOLDEN BUNGEE

Providing consulting services, public relations gigs, or remaining connected to the company somehow, an executive’s severance package provides generous perks in exchange.

GOODHART’S LAW

Professor Charles Goodhart introduced this theory. Originally applied to the stability of economic spending, it now points out the problem of assigning value to a specific variable to be used as an

GRADED DEATH BENEFITS

Typically in life insurance policies taken on children. Death benefit dependent on age of the child or age of the policy. It is possible for the benefit amount to be less than

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