- garnishment
- Court judgment ordering a lender to be given part of the wages or salary of a borrower who has defaulted on a loan.
- generally accepted accounting principles (GAAP)
- The rules and guidelines that certified public accountants (CPAs) use when preparing financial statements.
- general partner
- A co-owner of a business. General partners receive a share of the business’s profit and are partly responsible for its debts and liabilities.
- gift tax
- A tax on gifts of cash or property. Gift taxes are paid by the donor.
- going concern
- Name to describe a business that is in operation and is expected to remain so in the future.
- grace period
- The period of time during which a loan payment is to be paid. If the payment is not made during the grace period, it is overdue.
- grantor
- A person who writes a deed passing property from one party to another.
- gross estate
- The property in an estate before debts, taxes, and other expenses are paid. The net estate is what remains after these expenses are paid.
- guarantor
- A person or corporation that guarantees a debt will be paid if another party defaults. Guarantors are considered co-endorsers of a debt and are therefore liable for the debt.
- H bond
- A U.S. government bond, or savings bond.
- HH bond
- A U.S. government bond, or savings bond. HH bonds are sold in denominations of $500 to $10,000.