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

GAIN ON SALE OF ASSETS

Value increase posted on the balance sheet when a company profitably sells an valued asset. Selling furniture used in an office is an example.

GAIN ON SALE OF AUTOMOBILE

Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when

GAIN ON SALE OF LAND

Value increase posted on the balance sheet in the land category when property is sold profitably.

GAINFUL EMPLOYMENT

Condition of the employee receiving consistent work and payment from the employer. What a worker or college graduate seeks to provide consistent, continual income for self and family. Used in ranking colleges

GAINS

Value increase posted on the company’s balance sheet, reflected in the company’s financials. Caused by the profitable sale of an asset, a valued instrument.

GAINS SHARING

Pay-incentive plan. Motivational tool for employees as a group. Seeks improved productivity in their workgroup. Improvement comes from a more efficient use of resources (energy, labor, and materials). The group shares the

GALVANIZED STEEL

Any steel with a thin outer corrosion resistance layer of zinc. Corrosion resistance is longer as the zinc coating is thicker. period Thickness of the zinc layer determines . Can be sheet,

GALVANIZING

The coating of steel with a zinc film. Provides long term corrosion protection and abrasion resistance, up to generally 10 to 30 years. The tried and true hot-metal bath and the newer

GAMBLING

Betting; wagering. Results in either a gain or total loss of wager, the money or asset put up. Neither risk-taking nor investing, nor like insurance. Risk taking or speculation takes on substantial

GAMBLING INCOME

Money gained by wagering. Legal gambling operations such as slot machines, horse races or lottery allows a person to submit a tax filing declaration of gambling income.

GAMBLING LOSS

Money lost by wagering. Legal gambling operations such as slot machines, horse races or lottery allows a person to submit a tax filing declaration of gambling losses, but these cannot exceed winnings.

GAMMA

Rate of option delta changes to the price change of an underlying asset. Positive gamma means the trading position has positive convexity. Positive convexity means an increase in the value of the

GAMMA HEDGE

A HEDGE technique used primarily to manage or neutralize the effects of NEGATIVE GAMMA, which can create large losses if markets move sharply and quickly before DELTA HEDGES can be rebalanced. Creating

GANTT CHART

A bar chart showing duration. Typically used for scheduled and completed work over a period. Invented in 1917 by US engineer-scientific management pioneer, Henry L. Gantt (1861-1919). The chart’s horizontal axis maps

GAP

Unfilled difference. In project planning and scheduling, resources needed unmet by resources available cause a gap.

GAP ANALYSIS

The action taken to identify one or more gaps. Helps in replanning and taking needed steps achieve the wanted, successful project completion. Known also as need gap analysis, needs analysis, and needs

GAP MANAGEMENT

Control applied over the mitigation of identified gaps. Assets and liabilities are weighed and compared before commitment. Investment gain prediction is essential to balance added investment or added interest of borrowed funds.

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