DefinitionGuaranteed Auto Protection insurance was established in the North American financial industry. GAP insurance is the difference between the actual cash value of a vehicle and the balance still owed on the financing. GAP coverage is mainly used on...
DefinitionGemology or gemmology is the science dealing with natural and artificial gemstone materials. It is considered a geoscience and a branch of mineralogy. Some jewelers are academically trained gemologists and are qualified to identify and evaluate gems. Gemology ...
DefinitionIn economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in...
DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was...
Definition
Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended to reflect the costs of shipping to different locations.
Geographical Pricing
What is 'Geographical Pricing'
Adjusting an item's...
What is 'General And Administrative Leverage' A variable within a cost benefit analysis of an acquisition where the potential reduction in overall general and administrative expenses of the combined company are considered. Through synergies and cost-saving programs,...
Who is George Akerlof
George A. Akerlof is an American economist who won the 2001 Nobel Memorial Prize in Economic Sciences. He is a University Professor at Georgetown University and a Distinguished Fellow of the Brookings Institution. Akerlof was born...
What is a 'Generation-Skipping Trust' A generation-skipping trust is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren, not the grantor's children. The generation to which the...
What is 'General Order - GO' A status given to imported goods that are missing the proper documentation or are not quickly cleared through customs. Merchandise may be held under general order if the proper duties or...
What is Garage Liability Insurance and why do you need it
Garage liability insurance is a type of insurance specifically for businesses that offer automotive services. This includes auto repair shops, car dealerships, and gas stations. If you own or...