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

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

GANTT CHART

A bar chart showing duration. Typically used for scheduled and completed work over a period. Invented in 1917 by US engineer-scientific management pioneer, Henry L. Gantt (1861-1919). The chart’s horizontal axis maps

GAP

Unfilled difference. In project planning and scheduling, resources needed unmet by resources available cause a gap.

GAP ANALYSIS

The action taken to identify one or more gaps. Helps in replanning and taking needed steps achieve the wanted, successful project completion. Known also as need gap analysis, needs analysis, and needs

GAP MANAGEMENT

Control applied over the mitigation of identified gaps. Assets and liabilities are weighed and compared before commitment. Investment gain prediction is essential to balance added investment or added interest of borrowed funds.

GAP PERIOD

Duration for calculating total earnings on excess deferral distributions from Roth IRA and relevant 401(k) plans. Typically occurs between a distribution date and a calendar segment end date, quarterly or yearly.

GAP RATIO

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

GAPPING

The process of deliberately mismatching ASSETS and LIABILITIES in order to take advantage of an anticipated change in INTEREST RATES. Although gapping has the potential of generating greater returns, it can also

GARAGE COVERAGE FORM

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

GARBAGE-IN, GARBAGE-OUT (GIGO)

Computer industry phrase. Denotes that a program working on inaccurate data yields only misleading results. Promotes the attitude of assuring high quality of source information for a computerized system to better assure

GARMAN KOHLHAGEN MODEL

Foreign exchange’s European call option value estimating formula. Risk-free interest rate paid on foreign currency is a continuous dividend yield in this formula. Borrowing and lending takes place at the same interest

GARNISHMENT PAYABLE

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

GAS EXPORTING COUNTRIES FORUM (GECF)

Venezuela, Trinidad & Tobago, Russia, Qatar, Nigeria, Libya, Iran, Equatorial Guinea, Egypt, Bolivia and Algeria formed a group in 2001 that controlled 70% of the world’s gas production.

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.

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.

GASFIELD

Where gas wells are drilled, in an onshore or offshore geographical area.

GASOHOL

Mixture of nine parts of unleaded gasoline by volume with one part of ethanol, ethyl alcohol. Ethanol source is fermented agricultural produce, typically corn. ‘Gasohol’ is a registered trademark of the Nebraska

GASOLINE

A petroleum product derived from crude oil. Internal combustion engine fuel. A highly flammable liquid that evaporates during engine use. Auto-manufactures now build vehicles to use less gasoline, and mixtures. Increased demand

GASTROENTERITIS

Inflammation of the stomach and the intestines. General symptoms include abdominal pain, diarrhea, fever, headache, nausea, and vomiting. Typical cause is varied. Also caused by lactose intolerance. Some common causes are bacteria

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