The Law Dictionary

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

Category: G

GOOD BEHAVIOR

the term used for a person showing orderly conduct while in jail. It can help parole be granted and the sentence shortened.

GRATIS APPEARANCE

This term applies to a person appearing voluntarily in a court who has not waited for a summons or a subpoena.

GAIN ON SALE OF AUTOMOBILE

Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when

GAP

Unfilled difference. In project planning and scheduling, resources needed unmet by resources available cause a gap.

GASOHOL

Mixture of nine parts of unleaded gasoline by volume with one part of ethanol, ethyl alcohol. Ethanol source is fermented agricultural produce, typically corn. ‘Gasohol’ is a registered trademark of the Nebraska

GENDER

Defined difference between men and women based on culturally and socially constructed mores, politics, and affairs. Time and location give rise to a variety of local definitions. Contrasts to what is defined

GENERAL CARGO

Household goods or office furniture are not classified as generable transportable goods.

GENERAL JOURNAL

A chronological record of an entity’s financial transactions that are a part of other, special journals, or where no special journal exists. A common type of journal used in record keeping.

GENERAL PROPERTY FORM

Common commercial insurance covering property specified in the contract from specific risks.

GENERALLY IMPLIED

Typical understanding or definition in an industry, organization, or trade of a common, customary practice, or meaning of a term.

GENERIC NAME

Once exclusive, unique brand names that now identify a category for all brands under this respective category of products. Fridge (refrigerator), PC (desktop computer), Thermos (vacuum flask) are some examples. Generic names

GEOMETRIC BROWNIAN MOTION

A lognormal, continuoustime STOCHASTIC PROCESS where the movement of a variable, such as a financial ASSET price, is random in continuous time; the instantaneous return (defined as the change in the price

GIFT WITH RESERVATION

A gift or asset transfer with some condition attached. The condition in some way usually benefits the original owner. Prior to the death of the owner it is commonly used to transfer

GINNIE MAE II

Generally collateralized by multiple pools of mortgages this US pass-through mortgage securities pays interest and principal separately.

GLOBAL CARBON BUDGET

In the carbon cycle where carbon exchanges occur between the earth’s carbon reservoirs of land mass and the atmosphere, this is the sum of all of these exchanges, both inflows and outflows,

GLOBAL QUOTA

A nation’s commitment of how much it will import from all countries.

GLYPH

A single character representing something. Different glyphs result from using different fonts for the same character. A character bit pattern, be it an outline or a shape.

GOING PUBLIC

Called an initial public offering, or IPO, a previously privately-held entity makes its shares available to the public via the open market for the first time.

GOLDEN RULE

Unless doing so would be patently absurd, courts should hold to commonly understood meanings of the words of a document .

GOOD MONEY

Any source of funds that is available for immediate use, such as FEDERAL FUNDS.

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