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

GRAINS PER GALLON (GPG)

Water hardness as a measured unit. 1 grain (64.8 milligrams) of calcium carbonate dissolved in 1 US gallon of water equals one GPG. It figures out to be 14.3 parts per million

GRAM

Metric system weight unit. Equals 1/1000th (one one-thousandth) of a kilogram, about 0.35 ounce, 0.02 pound, or 15.43 grains equivalence in the decimal system.

GRAMM-LEACH-BLILEY ACT

Repeal of anti-affiliation statutes of the Glass-Steagall Act. Renewed the legal right banks to consolidate with financial-security companies. Repeal legislation passed in 1999.

GRAND JURY

Type of jury composed of 23 citizens. This is a pre-trial jury that decides if prosecution evidence is sufficiently strong to bring an accused to trial for the specified crime. Abolished in

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

GRAND STRATEGY

Entity planning of major goals and objectives. Essential corporate actions mapped to a comprehensive, long-term plan. Market, product, and/or organizational development tied to acquisition, divestiture, diversification, joint ventures, and strategic alliances are

GRANDFATHER CLAUSE

Exemption-allowance statement. Insulates specific entities, object, or situation from the fallout of changes or imposition of a decision. It could be a rule, law, or statute with pre-existing conditions. An example is

GRANULARITY

Conveys the perception of great or greater detail. Typically used when discussing a model or decision making process. More granularity means greater detail. An example is the level of detail, or granularity,

GRAPH

Depiction of data point relationships in a two-dimensional drawing. The relationship, most commonly between two set of numbers, displays in several different ways. It can be a line, a curve, a series

GRAPHIC

Representing or depicting an item as an image visually.

GRAPHIC DESIGN

Architectural planning of the images, patterns, layouts, and other image devices organized into a coherent, distinctive layout and format that will convey what is wanted in a way to allow printing or

GRAPHICAL DEVICE INTERFACE

Windows operating system functionality of display and print features. A graphic is displayed or printed, controlled by the computer operating system, not the monitor or the printer.

GRAPHICAL USER INTERFACE (GUI)

Interface, point-of-contact software managing what passes forth and back between the computer and its user. Whatever displays, whatever a user enters, by keystroke, mouseclick, finger or stylus touch, or speech, is managed

GRAVEYARD MARKET

Bear, or down, market with substantial losses facing sellers, with buyers staying out of the market, keeping liquid, not investing. The name comes from no action, or trading life, in the market.

GRAVURE PRINTING

Process of etching a printable onto the printing plate. Contrast to letterpress and flexographic printing. The printing ink transfers directly to the paper. Contrast this to offset printing. Typically used in long

GRAY KNIGHT

A second unsolicited bidder in a HOSTILE TAKEOVER transaction that attempts to take advantage of the target company

GRAY LIST

An organization’s position with an investment bank renders these stocks ineligible for trade. Ongoing matters of acquisitions and mergers of companies push stocks onto the gray list and are not traded by

GRAY MARKET

1. Selling in unauthorized sales-territory, or using unauthorized dealers in an authorized territory. Undercutting authorized sales territories and authorized dealers with prices lower than wholesale or distributor charges. Shady market of genuine

GRAY SCALE

Image display or printing with each pixel being only black, or white, or a shade of gray. Due to pixel-control by more than one bit of computer memory. The greater the bits,

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