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

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.

GREAT DEPRESSION

Decade-long financial-depression in the US from 1930 through 1940. Its devastating worldwide impact resides as the worst in living memory. Its precise causes are disputed. However, its beginning occurred on Black Monday,

GREATER FOOL THEORY

Puts forth the view that any price, as unrealistic as it might be, is warranted if one buyer believes that another buyer will pay an even higher price for the same item.

GREEKS

RISK measures for DERIVATIVES that are used to determine the price sensitivity of contracts to changes in the UNDERLYING ASSET (DELTA, GAMMA), VOLATILITY (VEGA), passage of time (THETA), and INTEREST RATES (RHO).

GREEN

Having attributes or objectives environmentally positive.

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

GREENFIELD SITE

Held aside for commercial development or industrial projects, this is an other undeveloped site area of agricultural or forest land. Also refer to brownfield site.

GREENMAIL

It is a type of blackmail as a corporate raider holds enough stock to conduct a hostile takeover. This forces the threatened firm to buy back the raider’s shares at an inflated

GREENSHOE

An OPTION granted by an issuing company to the SYNDICATE UNDERWRITING a NEW ISSUE of EQUITY, which permits the syndicate to sell additional shares as part of the PRIMARY MARKET offering in

GREENSHOE OPTION

Although the original stock issue had a limited share amount available, a stockbroker offers more stocks to clients.

GREENWASHING

Ecosystem damage by making harmful products or providing detrimental services instead of going green as the company intended.

GRID COMPUTING

Interconnected computer systems using consolidated capability from consolidated resources. The consolidation consists of one main computer distributing information to all and tasking the group successfully achieve a common goal. Complicated, tedious mathematical

GRIDLOCK

In Finance, this is the inability to do day-to-day operations due to a business crisis using essential corporate resources, and unable to resolve the crisis.

GRIEVANCE

1. In Law, this is (1) a complaint due to injury, injustice, or wrong. (2) The injustice itself. 2. In HR, this is a specific complaint. It is a formal employee notice

GRINDER

Nickname to an investor that does not experience a high return on profit, even though consistently investing.

GRIT

Fineness value of abrasive material used to polish, like compounds and sandpapers. Originally, the number of holes per square inch of the mesh used in screening a particular material was this fineness

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 BILLING

Billing total product or service cost with no adjustments or deductions. If ten units of product are bought at $100, but two units are returned, the gross billing is still $1,000. The

GROSS BLOCK

A count of valued entity instruments. Long-term asset depreciable costs are excluded.

GROSS BOOK VALUE

Asset’s original, historical purchase price, depreciation deductions excluded.

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