contracts. He lo whom a guaranty is made. 2. The guarantee is entitled to receive payment, in the first place, from the debtor, and, secondly, from the guarantor. He must be careful not to give time beyond that stipulated in the original agreement, to the debtor, without the consent of the guarantor; the guarantee should, at the instance of the guarantor, bring an action … [Read more...] about GUARANTEE
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GROSS INCOME
The total income that a person or business derives from all sources prior to being reduced by allowable deductions, exemptions and other adjustments. … [Read more...] about GROSS INCOME
GROUND FOR DISBARMENT
An attorney misconduct which act may subject the attorney to having his or her legal license suspended or permanently revoked. … [Read more...] about GROUND FOR DISBARMENT
GUARANTEED LOAN
A loan that is guaranteed by another entity or agency, such as a student loan where the government guarantees payment in the case of default by the person or party receiving the loan. … [Read more...] about GUARANTEED LOAN
GROSS LEASE
A commercial lease where the tenant pays a fixed amount of rent each period irrespective of the landlord's operating costs (operates similar to most residential leases.) In most cases, landlords will charge tenants with certain increases such as those for increased maintenance, etc. … [Read more...] about GROSS LEASE