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

Category: G

GREEN ECONOMICS

Environmental focus as an economic section that correlates relational impacts of economics and environmental positives. Each economic decision must have a focus on the environment is a foundational principle. Economic focus in

GROSS EARNINGS

Un-adjusted, total calculated operational revenue. Pre-expense deduction.

GROSS PARITY

After being translated into US dollars, this is the international equities and convertible securities price value .

GROSS TONNAGE

Another name for gross registered tonnage (Refer to tonnage).

GROUP INCENTIVE PROGRAM

Reductions in costs, increases in productivity, progress in attaining firm’s objectives and the like are measures of performance linking pay to the compensation system.

GUARANTEED MORTGAGE CERTIFICATE (GMC)

A mortgage bond that passes through the Freddie Mac purchasing process. It is resold to investors. Incremental principal is sold and interest is paid semianually. Principal is paid annually.

GUIDE WORD

Words printed on the top of a page in a reference work to help the reader find a word they are looking for. It is on the left or right hand page.

GAIA HYPOTHESIS

Gaia is the ancient Greek goddess of the Earth. A metaphor, a concept, not a proven fact, that our Earth is an aware, self-regulating entity (giant cell?) that adjusts to changes and

GAMMA

Rate of option delta changes to the price change of an underlying asset. Positive gamma means the trading position has positive convexity. Positive convexity means an increase in the value of the

GAS GUZZLER TAX

Tax on vehicle total purchase price if fuel efficiency is less than 22.5 miles per gallon. Typically paid by the automobile manufacturer or importing dealership. Likely passed on to the buyer somehow.

GDP PER CAPITA

A ratio of individual consumer spending over total population products and services consumption.

GENERAL AVERAGE

Now largely replaced by (refer to) relevant institute cargo clause, it is a provision to share risk, damages and expenses incurred in proportion to the value of exposed cargo. It is a

GENERAL GUARANTEE

Covers any obligation incurred by the guarantor. Enforced by anyone to fulfill an obligation as a written undertaking.

GENERATION GAP

Differences between older and younger age groups. Technological advances often widened these gaps. Opinions, tastes, beliefs, and other social and cultural norms are the basis of these differences.

GENETIC PROFILING

The unique characteristics of a person’s DNA are identified for forensic or diagnostic purposes by using this biotechnology. Known also as genetic fingerprinting.

GEOTHERMAL ENERGY

Typically, generating electricity from running turbines of a conventional power plant using superheated water or steam from earth’s interior. Often the needs of a local community are covered because these plants are

GIGAWATT HOUR (GWH)

Equivalent to: 3.41 billion British thermal units (Btu) or 3.6 terajoules or one thousand megawatt hours or one billion (10^9) watt hours. A unit of electrical energy.

GLITCH

A small error or nuisance malfunction. Though small, this error can impact an entire operation, preventing smooth, efficient execution. More of a techie term. For example, font color of a web page

GLOBAL PRICING CONTRACT

A supplier must charge the same price to customers by contract for the delivery of parts and services around the world. this practice very popular due to the benefits from worldwide price

GLUT

Anything exceeding demand. Typically, decreases market price.

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