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

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.

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.

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