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

GROUND LEASE

Type of lease that is long-term, typically 99 years. It involves land with standing buildings or for developing land. the owner of the land gets the property as-is at the end of

GROUND OPERATOR

Entity providing accommodations, sight seeing, or local transportation to incoming passengers. Known also as purveyor.

GROUND RENT

Leased land payment to the owner. Allows the lessor to improve the land. However, the property returns to the owner as-s at the end of the lease.

GROUND RULES

Basic agreed-to constraints and allowances in a negotiation or competition. Governs the process, conduct, and scope leading to procedures and limits.

GROUNDING

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

GROUP

1. Two or more of something with some type of commonality. Typically, people who work together to achieve a common set of goals. This involves regular contact, frequent interaction, mutual influence, and

GROUP CERTIFICATE

Lists group benefits given to each group plan policyholder. Typically, this is a certificate .

GROUP CURRENCY

If a company derives revenue in more than one currency, or has subsidiaries or divisions in foreign countries, its consolidated financial statement requires one currency for reporting. Each other currency is converted

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.

GROUP OF SEVEN (G-7)

The major powers in finance that meet to debate monetary policy and economics. They are part of the OECD. They are Canada, France, Germany, Italy, Japan, United States of American, and the

GROUPWARE

Work group software that gives structure to collaborate and communicate on activities for that group. Members of a team can get the same data on a network. AKA collaborative tools.

GROUT

Mixxing aggregate, cement, and water to fill spaces between bricks or other frames.

GROWING EQUITY MORTGAGE (GEM)

A loan with monthly payments that increase yearly. The more that is paid the more principal is paid and the time of the loan is shortened.

GROWTH COMPANY

A company that is a leader in their industry because of a high growth level. The cash flow and earnings are used to decided this. The companies have something that draws more

GROWTH CURVE

A graph that shows a variable against time. It shows growth of the variable.

GROWTH FUND

A mutual fund that invests in stock. These stocks are in their growth stage and thusly have a higher risk. Income stocks are more stable and risk less principal.

GROWTH INDUSTRY

A sector of the economy that is growing faster than the economy. AKA sunrise industry.

GROWTH INVESTING

When stocks with good earnings and growth are bought with no accounting for the prices. They have low dividend yield and less protection. They are more risky and the interest changes depending

GROWTH OBJECTIVES

A goal that guides decision making for a firm. It is indended to between present and projected earnings.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.