The Law Dictionary

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

Category: G

GROSS INCOME

Production costs or cost of sales amount exceed by unadjusted, total sales revenue.

GROSS PRICE

Product or service invoiced value prior to any discounting. A value in accounting principles.

GROSS UP

Adding deductions to a net amount owned by a receiver. This could include taxes.

GROUP NORMS

Understood acceptable behavior within groups that change from sitution to sitution. If there were no rules of conduct, social gatherings would be chaotic.

GROUP RATE

A rate made available by hotels to people who travel in a group.

GROWTH MUTUAL FUND

Stock fund investing in the fastest growing firms to increase profits. There is more risk and premium for the stocks. If a decline occurs the earnings decline faster. But when it is

GUARANTEED LATE ARRIVAL

An arrangement when a hotel keeps a room for a guest that arrives late. If the customer doesn’t show up the card will be charged for the night anyway. Refer to guaranteed

GUARDIAN DEED

A deed a guardian is given to sell a property. It is given when the court sees the original owner is not capable of making decisions regarding personal affairs.

GAINFUL EMPLOYMENT

Condition of the employee receiving consistent work and payment from the employer. What a worker or college graduate seeks to provide consistent, continual income for self and family. Used in ranking colleges

GAP RATIO

Calculated as the worth of a company’s short-term investments against short-term expenses. Measures recognized profit at investment due-date.

GATEKEEPER MODEL

The patient’s contact point, referring patients for testing and to specialists. Typically, the patient’s primary care physician in certain types of HMO or PPO.

GENERAL CONDITIONS

Usually in a spec’s book or in associated architectural drawings of a contract, these contract conditions set the rights and responsibilities of the parties involved as well as the minimum contractor performance

GENERAL SERVICES

Insurance, medical, payroll, personnel, and security services not confined to any department or function, applicable to the entire firm.

GENERATION X

Often described as cynical or disaffected people, this is a label for those born during the 1960s and 1970s. Often shortened to Gen X. With an increased understanding of technology by growing

GENSAKI

The broad Japanese MONEY MARKET, which includes trading in shortterm GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, NOTES, REPURCHASE AGREEMENTS and REVERSE REPURCHASE AGREEMENTS.

GETTING THINGS DONE (GTD)

David Allen authored this organizational method and book. The point that individuals must record critical tasks to get them done and out of their mind is the keystone principle. This frees the

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.