Gap Insurance
DefinitionGuaranteed Auto Protection insurance was established in the North American financial industry. GAP insurance is the difference between the actual cash value of a...
General Equilibrium Theory
DefinitionIn economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting...
General Agreement On Tariffs And Trade (GATT)
DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or...
Geographical Pricing
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...
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...
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...
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...
General Order (GO)
What is 'General Order - GO' A status given to imported goods that are missing the proper documentation or are not quickly...