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

Category: G

GROUP OF SEVEN (G-7)

The major powers in finance that meet to debate monetary policy and economics. They are part of the OECD. They are Canada, France, Germany, Italy, Japan, United States of American, and the

GUARANTY FUNDS

A fund that has money in it from an insurers business in the state. It is required by the state. It is used to cover debts and claims. It is called an

GUIDELINE

A practice that allows leeway in its interpretation.

GAIN CONTINGENCY

Indication of an upcoming gain, possibly caused by a favorable ruling, for a specific company that drives pending or possible development.

GAMMA HEDGE

A HEDGE technique used primarily to manage or neutralize the effects of NEGATIVE GAMMA, which can create large losses if markets move sharply and quickly before DELTA HEDGES can be rebalanced. Creating

GAS WELDING

Producing coalescence with one or more gas flames, usually oxygen and acetylene in a process to join metal at the piece’s ends, with or without the use of a filler metal.

GEISHA

A PRIVATE PLACEMENT, denominated in a currency other than Japanese yen, which is issued by a Japanese company. See also DAIMYO, SAMURAI, SHIBOSAI, SHOGUN.

GENERAL BUSINESS TAX CREDIT

Combined from several business purposed credits. Reforestation, research and starting a pension plan are aggregate tax allowances.

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.

GESTALT

No exact English equivalent exists; Fuzzy German word. Completeness, configuration, essence, form, manner, organic structure, totality, and wholeness are parts of the varying definition. For an individual, the organized form or pattern

GILT

Security/stock pages’ edges were gilded in the past. Traded on the London stock exchange (LSE) and issued by the UK government, these are long-term fixed income debt security bonds. LSE is now

GLOBAL

All countries; all peoples. Interchangeable with international, except for mutual funds. A global fund is worldwide, while an international fund is all other countries except the United States. Known also as worldwide

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 .

GOOGLE CHECKOUT

Google-owned payment processing service. Makes online purchase paying very easy for buyers. Checking order and in-transit status from multiple websites happens on one page via one’s Google Checkout account. Stores credit and

GRADUATED LEASE

A lease that uses variable payments adjusted periodically to recognize current value. Payment amounts can also be An economic benchmark rate, like the consumer price index, can be used to adjust the

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