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

Category: G

GEORGE SOROS

Born on August 12, 1930, this Hungarian American businessman and financier claimed fame earning a reported $1 billion. He anticipated the pound sterling devaluation out of the 1992 UK currency crises. Chairman

GIGAFLOP (GFLOPS)

The number of floating point operations per second a computer can do equals one billion (10^9).

GLASS COVERAGE FORM

Commercial glass insurance, for example, plate glass covered by a form specifically.

GLOBAL OFFERING

Securities made available in markets across the globe at the same time. A global offering include Europe’s, North American and the Far East. Simultaneous offering in multiple markets of these securities.

GLOCALIZATION

Local market products or services made to benefit worldwide markets, being developed and distributed in all markets. Globalization and localization are considered in the marketing strategy for such products.

GOING LONG

Building a portfolio of bonds, commodities, or stock and shares for long-term, capital gains viewed retention. Known commonly as long positions. Also refer to going short.

GOLDEN HELLO

Incentive to another firm’s employee to join the offering firm.

GOODWILL

The primary INTANGIBLE ASSET of a company, generally comprised of reputation, contact networks, intellectual property, and branding. Although the assets have value, they cannot be physically inspected and are extremely ILLIQUID. Goodwill

GRADING SCHEDULE FOR CITIES AND TOWNS

A rating level scheme for rating a given city’s fire safety. Many factors figure into this rating. The National Board of Fire Underwriters make this schedule.

GRAPH

Depiction of data point relationships in a two-dimensional drawing. The relationship, most commonly between two set of numbers, displays in several different ways. It can be a line, a curve, a series

GREEN

Having attributes or objectives environmentally positive.

GROSS NEGLIGENCE

A severe degree of negligence taken as reckless disregard. Blatant indifference to one’s legal duty, other’s safety, or their rights are examples. There is no specific legal definition, but if one drives

GROSS TON

1. Another name for long ton (2240 pounds). 2. Another name for register ton (100 cubic feet or 2.832 cubic meters).

GROUP CURRENCY

If a company derives revenue in more than one currency, or has subsidiaries or divisions in foreign countries, its consolidated financial statement requires one currency for reporting. Each other currency is converted

GROWTH STRATEGY

When a larger market share is won at the expense of short term earnings. There are four strategies taht are diversificatin, product development, market penetration, and market developmen.

GUIDANCE LINE

A BANK LINE granted to a customer that is used by the lending institution for internal management purposes and is not specifically communicated to the customer. Since the client pays no COMMITMENT

GADFLY

Rabble-rouser; derogatory name for an intentional problem-causing investor at a stockholder meeting.

GAMBLING LOSS

Money lost by wagering. Legal gambling operations such as slot machines, horse races or lottery allows a person to submit a tax filing declaration of gambling losses, but these cannot exceed winnings.

GAS EXPORTING COUNTRIES FORUM (GECF)

Venezuela, Trinidad & Tobago, Russia, Qatar, Nigeria, Libya, Iran, Equatorial Guinea, Egypt, Bolivia and Algeria formed a group in 2001 that controlled 70% of the world’s gas production.

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