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.

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

GRAND STRATEGY

Entity planning of major goals and objectives. Essential corporate actions mapped to a comprehensive, long-term plan. Market, product, and/or organizational development tied to acquisition, divestiture, diversification, joint ventures, and strategic alliances are

GREAT DEPRESSION

Decade-long financial-depression in the US from 1930 through 1940. Its devastating worldwide impact resides as the worst in living memory. Its precise causes are disputed. However, its beginning occurred on Black Monday,

GROSS BILLING

Billing total product or service cost with no adjustments or deductions. If ten units of product are bought at $100, but two units are returned, the gross billing is still $1,000. The

GROSS NATIONAL HAPPINESS (GNH)

Psychological and physiological attempt to measure national happiness as a part of GDP (Gross Domestic Product). Bhutan’s former King Jigme Singye Wangchuck coined it in 1972. Techniques vary, but a widely used,

GROSS SALARY

Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use to base

GROWTH POTENTIAL

The probability that a business will grown. It uses sales and revenues to predict this.

GUEST PROPERTY COVERAGE

Coverage for hotel or motel property. It can cover a safe deposit box and legal liability for damages while in the insured’s possession.

GYPSY SWAP

Stock being repurposed by many parties to increase profit for all.

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

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