General And Administrative Leverage
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, the general and administrative costs of the combined company often will be considerably less than the sum of the general...
George A. Akerlof
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 in New York City and grew up in Holyoke, Massachusetts. He received his BA from Yale University and his PhD...
Generation-Skipping Trust
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 grantor's children belong skips the opportunity to receive the assets to avoid the estate taxes (taxes on an individual's right...
General Order (GO)
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 taxes are not paid, or if the owner fails to complete the required customs paperwork. Goods will be held under...
Garage Liability Insurance
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 operate any type of business that provides automotive services, then you need to have garage liability insurance. This insurance protects...
Generic Brand
DefinitionGeneric brands of consumer products are distinguished by the absence of a brand name. It is often inaccurate to describe these products as "lacking a brand name", as they usually are branded, although with either the brand of the store where they are sold or a lesser-known brand name which may not be aggressively advertised to the public. They...
Genuine Progress Indicator (GPI)
What is the Genuine Progress Indicator (GPI)? The Genuine Progress Indicator (GPI) is a metric that was developed in the 1990s as an alternative to GDP. While GDP measures the value of all goods and services produced within a country, GPI takes into account a wider range of factors, including environmental degradation, income inequality, and human health. As a result,...
General Examination
What is 'General Examination' A regulatory measure set up to give a detailed examination of all aspects of a bank. The examination is conducted by the governing body of different levels of banks. For example, the state banking regulators would provide an overview of all state-run banking institutions. Explaining 'General Examination' This examination is...
Gann Fans
What is 'Gann Fans' A form of technical analysis based on the ideas that the market is geometric and cyclical in nature. A Gann fan consists of a series of diagonal lines called Gann angles, of which there are nine. These angles are superimposed over a price chart to show a security's support and resistance levels. The...
Generational Accounting
DefinitionGenerational accounting is a method of measuring the fiscal burdens facing today's and tomorrow's children. Laurence Kotlikoff's individual and co-authored work on the relativity of fiscal language demonstrates that conventional fiscal measures, including the government's deficit, are not well defined from the perspective of economic theory. Instead, their measurement reflects economically arbitrary fiscal labeling conventions. "Economics labeling problem," as...