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

Category: G

GLOBAL ECONOMY

Intertwined economic activity of various countries considered worldwide by their impact on other countries negatively or positively. Examples are the faltering European governments and their impact on the financial markets world wide.

GLOBAL STRATEGY

Targeting growth for sales of products or services worldwide, an organization plans product development.

GOAL SEEKING

Modeling scenario analysis or goal seek or what if analysis. Modeling the mapping / tracking data sources into a process to project expectations. Drive towards determining what is needed to archive a

GOLDBRICKS

COMMON STOCKS that appear to be financially sound on the surface, but which feature little substance when examined more closely.

GOOD STANDING

Entity status in terms of being up-to-date for anything due, like dues, reports, other criteria, as a member of an organization.

GRADED COMMISSION

Commissions as a percentage paid per an achievement schedule. Category or amount of policies written is the basis for the step-wise levels of commissions paid.

GRAND OPENING

A new business or a new location having its official opening. Customers alerted to the opening are drawn to come and see. During such an opening most stores offer special promotional items

GRAY WATER

Waste water relatively clean. Sourced from the kitchen, or tub or sink or shower, not the toilet, and laundering. Usable with little or no treatment for landscape irrigation and other non-potable uses.

GROSS ANNUAL INCOME

Un-taxed, un-adjusted, total annual income earnings. Is the amount of money an entity earns in one year from all sources, before taxes. Gross annual income is the starting base figure.

GROSS NATIONAL EXPENDITURE

Country’s total expenses, both public and private, excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.

GROSS REVENUE

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

GROUNDING

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

GROWTH PHASE

The life cycle stage beyond start up that involves more competition for market shares.

GUEST LAW

A law limiting the passenger rights in an automobile to get a refund from the drivers based on negligence. Negligence has to be proven to get the funds.

GAINS SHARING

Pay-incentive plan. Motivational tool for employees as a group. Seeks improved productivity in their workgroup. Improvement comes from a more efficient use of resources (energy, labor, and materials). The group shares the

GARAGE COVERAGE FORM

Auto repair shops, dealerships, or garages, any business’s commercial coverage for multiple automobiles on their premises.

GATEWAY CITY

Entry point to or from a country; a primary arrival and departure point. Typically is an airport or seaport.

GENERAL CONTRACTOR

Primary person or firm solely accountable to perform a contract. This primary typically supervises activities and coordinates the use of subcontractors .

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.