The Law Dictionary

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

Category: G

GENERAL CARGO VESSELS

Transports. Ships that move packaged merchandise from one location to another. Vital to international trade, these transports are specifically designed for this purpose due to the vast range of cargo materials to

GENERAL LEDGER

Provides financial statements data for the entire organization. Summarizes all financial transactions recorded and sorted in subsidiary ledgers covering an accounting period. Central repository of an organization’s accounting information. Known also as

GENERAL PUBLICS

Indirect consumers of a non-business organization’s goods or services. Educational institute general publics are alumni and their parents, as an example.

GENERALLY RECOGNIZED AS SAFE

Applicable to both domestic and imported foods, this is a claim for a substance added to or contained in food, as being safe and exempt from food additive tolerance requirements. This is

GENERIC STRATEGIES

Strategic planning to improve competitive performance, usable by any firm in any market or industry. Differentiation strategy, focus strategy, and low cost strategy are three fundamental marketing strategies not mutually exclusive.

GEOTECHNICAL INVESTIGATION

Boring, sampling, and testing the soil strata below ground. Investigation analysis to establish compressibility, strength, and other characteristics of the strata. This is done as input to a construction project, preparing a

GIFTED STOCK

To lessen a tax amount each part owner of an asset has to pay, that asset or investment is given to another entity.

GIRO

A system of physical or electronic payment transfers for consumer purchases, used primarily in Europe and Japan. The giro results in a direct transfer of funds from the consumer, payer, or debtor

GLOBAL CROSSING

A telecommunications company accused of reporting revenues that were in fact trades of communication capacity with other telecom companies that were not financial transactions. Charged in 2005 by the SEC with illegal

GLOBAL RECOVERY RATE

A global measurement of the quantity of entities recovering at least 60 percent of financial losses due to corporate fraud. Purchasing economic crime insurance and early detection of fraudulent activities are methods

GO PUBLIC

1. Company shares now available for open market trading. Moving from private to public. 2. Privately-held or unknown information made available to all.

GOING SHORT

When a trader believes the price of a share, bond, or commodity will lower in the near future, that trader can sell a share, bond, or commodity before actually buying it. On

GOLDMAN 360

Developed by Goldman Sachs. A system used by investment managers and advisors to research, order buys and sells, and calculate outcomes. A computerized investment portfolio management system.

GOOD OUTPUT

For any company that measures its product performance based on the quality of products and services it has been manufacturing, a functioning, error-less production system results are essential.

GOVERNMENT ACCOUNTING

Non-commercial accounting. Assets are constrained to legal purposes. Accounts partition into budgets and encumbrances. Called public finance accounting in the UK.

GOVERNMENT-OWNED PROPERTY

(Federal, state or local) government asset. Typically gained by purchase, foreclosure or tax default. The asset is property held by a government agency.

GRAINS

The general group of EXCHANGETRADED DERIVATIVES referencing wheat, corn, soybeans, maize, and sorghum. See also COMMODITY DERIVATIVE, SOFTS.

GRAPHIC DESIGN

Architectural planning of the images, patterns, layouts, and other image devices organized into a coherent, distinctive layout and format that will convey what is wanted in a way to allow printing or

GREEN ARCHITECTURE

Building and structural design philosophy to maximize renewable energy methods, the use of environmentally friendly materials, and reusable, recyclable objects within the operations.

GREENSHOE OPTION

Although the original stock issue had a limited share amount available, a stockbroker offers more stocks to clients.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.