the money given to an attorney to hire him for a period of time. It won’t matter how much or how little work they do during this time.
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GENERAL RETIREMENT SYSTEM
Government employee pension, annuity or retirement benefits established in a system provided by the government.
GENERAL REVENUE
Unallocated funds acquired through business and property taxation. Monies that may be utilized for any purposes as received at the state and local levels of government. A state applies funds […]
GENERAL SERVICES
Insurance, medical, payroll, personnel, and security services not confined to any department or function, applicable to the entire firm.
GENERAL SERVICES ADMINISTRATION
the name of a federal government agency that looks after the housekeeping for the government and supplies all of the agencies and bureaus with their different needs.
GENERAL SPECIFICATION
When two or more classes, grades, materials, services, styles, or types of goods or services have a requirement, the covering specification is considered to be general.
GENERAL STRIKE
Seeking to extract concessions, this type of labor stoppage tries to paralyze a country or regional economy. Far-reaching labor stoppage in most or all industries. Rare in developed countries . […]
GENERAL SYSTEMS THEORY (GST)
Focusing on system structure instead of system functionality, it is one of the several methodologies that uses system logic approach to solving complex phenomenon and problems. Proposes that, regardless of […]
GENERAL TARIFF
Countries neither preferential nor a most favored nation (MFN) pay higher Import duty rates.
GENERAL VERDICT
Typical jury decision. In a civil case it favors one or the other party. In a criminal case , the defendant is guilty or not guilty . Usual form of […]
GENERAL WARRANTY DEED
Grantor’s wish to give title and property to a specific grantee is legalized by this arrangement . The grantee can hold the grantor liable for defective title or clouded claim, […]
GENERALE
The usual commons In a religious house, distinguished from pietan- tiw,which on extraordinary occasions were allowed beyond the commons. Cowell.Generale dictum generaliter est inter- pretandum. A general expression is to […]
GENERALIZATION
Thought process inductively applying one or more experiences and impressions as representative of an entire class / category of events, objects, or phenomenon. Leads to discriminatory or prejudicial behavior in […]
GENERALIZED PREFERENTIAL TARIFF (GPT)
Another name for generalized system of preferences.
GENERALIZED SYSTEM OF PREFERENCES (GSP)
Limited or quota-driven, duty-free or low-duty import entry from selected developing countries . Non-reciprocal concessions by developed countries . Known also as generalized preferential tariff (GPT).
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP)
Standardized broad guidelines and detailed procedures for financial statement preparations and specific accounting situations resolution. Managed set of authoritative rules, practices, and conventions .
GENERALLY ACCEPTED AUDITING STANDARDS (GAAS)
Audited account auditing measurements and audit report presentation standards. Canada, India, Japan, UK, US, and the like differ in minor or major details as most major countries set their own […]
GENERALLY IMPLIED
Typical understanding or definition in an industry, organization , or trade of a common, customary practice , or meaning of a term.
GENERALLY RECOGNIZED ACCOUNTING PRACTICE (GRAP)
Very similar to the private sector accounting standards known as (refer to) Generally Accepted Accounting Practice (GAAP) these are public sector accounting standards.
GENERALLY RECOGNIZED AS SAFE
Applicable to both domestic and imported foods, this is a claim for a substance added to or contained in food, as being safe and exempt from food additive tolerance requirements […]
GENERALS OF ORDERS
Chiefs of the several orders of monks, friars, and other religious societies.
GENERATIO
The issue or offspring of a mother-monastery. Cowell.
GENERATION
May mean either a de gree of removal in computing descents, or asingle succession of living beings in natural descent. McMillan v. School Committee, 107N. C. 609, 12 S. E. […]
GENERATION GAP
Differences between older and younger age groups. Technological advances often widened these gaps. Opinions, tastes, beliefs, and other social and cultural norms are the basis of these differences.
GENERATION SKIPPING TRANSFER
A person two generations or more below the owner receives property inheritance .