Title to property that is insured. … [Read more...]
GROSS MARGIN
A calculation that provides the percentage of gross profit and equals (sales revenue) less (cost of sales) divided by (sales revenue) … [Read more...]
GROUND RENT
estates. In Pennsylvania, this term is used to signify a perpetual rent issuing out of some real estate. This rent is redeemable where there is a covenant in the deed that, before the expiration of a period therein named, it may be redeemed by the payment of a certain sum of money; or it is irredeemable, when there is no such agreement; and, in the latter case, it cannot be … [Read more...]
GUARANTOR
(A) He who makes a guaranty. A person who makes a guarantee to pay the debt of another on an agreement should that party default. For example, a guarantor on a lease agreement agrees to cover all outstanding amounts due to a landlord for unpaid rent and default by the tenant. (B) contracts. He who makes a guaranty. 2. The guarantor is bound to fulfill the engagement he has … [Read more...]
GREENBACK
The popular and almost exclusive name applied to all United States treasury issues. It is not applied to any other species of paper currency; and, when employed in testimony by way of description. is as certain as the phrase "treasury notes." Hickey v. State, 23 Ind. 23. And see U. S. v. Howell (D. C.) 64 Fed. 114; Spencer v. Prindle, 28 Cal. 276; Levy v. State, 79 Ala. 261. … [Read more...]