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

Category: G

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

G-8 FINANCE MINISTERS

Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States G8 summit representatives in the annual meeting.

GAMBLING INCOME

Money gained by wagering. Legal gambling operations such as slot machines, horse races or lottery allows a person to submit a tax filing declaration of gambling income.

GARNISHMENT PAYABLE

Legal action requiring a company to record an involved employee’s wages even if the employee received no wages.

GAZELLE COMPANY

A company with sales revenue growth of 20 percent or higher annually. Usually known for many new job opportunities. Typically, a small publicly traded companies sustaining this growth four years running, with

GENERAL AND ADMINISTRATIVE LEVERAGE

A variable of potential lessening in overall administrative costs when analyzing outcome as companies combine following an acquisition. Typically, less cost is expected once the companies combine. Contrasts to costs of independently

GENERAL ENVIRONMENT

Generally impacting everyone in an industry or market in a similar way, these legal, political, and social circumstances are factors and conditions.

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.

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