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---  G  ---

Found matches in 20 glossary entry(s).


garnishment -- A process that takes a person's property and uses it to satisfy his debt.  

general partner -- The person who is personally liable for all the debts of a business which is operated as a limited partnership. This person is also responsible for the management of the business.  

gift taxes -- Federal taxes that assessed on certain gifts. The donor is responsible for the tax assessment.  

grace period -- The time period where payment is not required on a debt.  

grand jury -- A group of citizens that is charged with the decision of whether there is enough evidence to justify a criminal suit.  

grandfather clause -- The provision of an exemption in a new law for those who are already a part of the system so that its application is limited to people who are new to the system.  

grant deed -- A deed which connotes that the person transferring the property in fact owns the title and that it is unencumbered, except as described in the deed.  

grantor -- The trustor or settlor of a trust.  

gravamen -- The material aspect of a complaint.  

greenmail -- A situation in which a person or entity owns enough stock in a company to threaten a hostile takeover and is therefore albe to demand a price higher than the market value from the company to repurchase the stock and avoid the takeover  

gross estate -- For federal estate tax filing purposes, the total of all property owned at death, exclusive of any deductions.  

gross income -- Income from whatever source before any deductions  

grounds for divorce -- The legal reasons stated for requesting a divorce.  

group life or group health insurance -- A single policy under which individuals in a group may subscribe.  

guarantor -- A person who gives a legally binding promise to pay another person's debt if that person defaults.  

guaranty -- The legally binding promise to pay another person's debt if that person defaults.  

guardian -- An adult who has been appointed by a court to control and care for a minor and his property.  

guardian ad litem -- A person appointed by a court to represent and protect the interests of a child or an incapacitated adult during a lawsuit.  

guardian of the estate -- A person appointed by a court to care for the property of a minor child.  

guardianship -- A legal relationship created by a court where an adult is appointed as the guardian of a minor child or an incapacitated adult.  

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