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

GROWTH PHASE

The life cycle stage beyond start up that involves more competition for market shares.

GROWTH POTENTIAL

The probability that a business will grown. It uses sales and revenues to predict this.

GROWTH SHARES

Shares a firm issues that are consistently above average earning. They are traded at more money over a long period of time. AKA growth stock.

GROWTH STAGE

The third state in a life cycle when revenue raises fast and profits peak. The decline begins after this.

GROWTH STRATEGY

When a larger market share is won at the expense of short term earnings. There are four strategies taht are diversificatin, product development, market penetration, and market developmen.

GUARANTEED MORTGAGE CERTIFICATE (GMC)

A mortgage bond that passes through the Freddie Mac purchasing process. It is resold to investors. Incremental principal is sold and interest is paid semianually. Principal is paid annually.

GUARANTY FUNDS

A fund that has money in it from an insurers business in the state. It is required by the state. It is used to cover debts and claims. It is called an

GUARDED

Any barriers that are set in place to prevent access to property. It is done to prevent damage and protect from danger. It can be a fense, casing, or screen.

GUARDIAN ACCOUNT

An account for a house that a guardian can get to as manager of the affairs of a disabled person. It is in the name of the beneficiary and the guardian and

GUARDIAN AD LITEM

The party the court deems responsible for an incapacitated, handicapped, or minor in court.

GUARDIAN DEED

A deed a guardian is given to sell a property. It is given when the court sees the original owner is not capable of making decisions regarding personal affairs.

GUERILLA MARKETING

When a small firm can compete with a bigger one getting a narrow niche of profit. It can be extreme specialization, impressing customers, providing great service, having fast response time, fast turnaround,

GUERTIN LAWS

Laws about nonforfeiture and value that are standard. The NAIC committee developed the laws, specifically Alfred Guertin in 1947.

GUESSTIMATE

A guess based on broad assumptions and calcuations.

GUEST HOUSE

Accommodations that are larger than a bed and breakfast. The breakfast is in the room charge but does not cover alcohol. It can be a low budger room or luxury apartments. They

GUEST LAW

A law limiting the passenger rights in an automobile to get a refund from the drivers based on negligence. Negligence has to be proven to get the funds.

GUEST PROPERTY COVERAGE

Coverage for hotel or motel property. It can cover a safe deposit box and legal liability for damages while in the insured’s possession.

GUEST WORKER

A party that has special permission to work temporarily in another country when a shortage occurs.

GUIDANCE DOCUMENT

Guidelines written to give broad advise on procedure instead of precise requirements and standards.

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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.