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

GLOBAL RESOURCE INFORMATION DATABASE (GRID)

The UN Environment Program (UNEP) set up this agency in 1985. It has two purposes: (1)integrate scientific understanding of the worlds’ processes; (2) have sound environmental management in countries, land-mass, and worldwide

GLOBAL RISK

External risk to world-wide environment; outside the influence of a single country’s government.

GLOBAL SOURCING

A business’s procurement strategy for establishing the most cost efficient location for a manufactured product. typically located in a foreign country. As is currently true, a company closes the domestic factory and

GLOBAL STRATEGY

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

GLOBAL WARMING

Temperature steadily rising for the near-surface, lower atmosphere average. Currently believed from emissions build-up of greenhouse gases (refer to greenhouse effect). This temperature has risen by 0.6

GLOBAL WARMING POTENTIAL (GWP)

Ratio of potential atmospheric warming caused by a substance measure to the same mass of carbon dioxide. Methane is 21, and water vapor is zero. An example is CFC12, a refrigerant, of

GLOBALIZATION

Economic, financial, trade, and communications integration moving worldwide.

GLOBEX

Electronic trading platform for futures and option contracts that is the Chicago Mercantile Exchange. It is a virtually continuous worldwide market. It opens for trading Sunday evening, staying open roughly 23 hours

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.

GLOSSARY

Brief definitions related to a specific topic alphabetically arranged for reference. Known also as controlled vocabulary.

GLUT

Anything exceeding demand. Typically, decreases market price.

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.

GNOME

A 15year PARTICIPATION CERTIFICATE issued by the FEDERAL HOME LOAN MORTGAGE CORPORATION. See also DWARF, MIDGET.

GO PUBLIC

1. Company shares now available for open market trading. Moving from private to public. 2. Privately-held or unknown information made available to all.

GO SHOP PERIOD

While a company has a purchase contract with another party, the time other investment offers are available to the company.

GOAL

A time-bound expectation expressed in one or more objectives that is measurable and has a definitive end-result.

GOAL COMMITMENT

A documented dedication of time, money, people towards gaining a stated objective.

GOAL COMPATIBILITY

An ability or willingness to combine different objectives of different entities toward common or diverse goals with in a designated time period.

GOAL SEEK

Also known as scenario analysis. Mapping and tracking one or more sources of data into a proposed process to potentially achieve a desired set of one or more expectation. Using varying steps

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