Government interruption of actions taken based on an entity’s decisions. Typically, a regulatory-based interruption . Typically, concerning social and economic issues.
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GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)
A US governmentowned CORPORATION (and agency of the Department of Housing and Urban Development ) that purchases residential MORTGAGES guaranteed by the Department of Veterans Affairs and the Federal Housing […]
GOVERNMENT PAPER
Government backed and guaranteed debt security . Also refer to commercial paper .
GOVERNMENT PURCHASES
What the government buys from the private sector . Promised government contracts with the private sector typically triggers economic confidence, stagnant from a lack of private company purchasing. This is […]
GOVERNMENT SECURITIES
Long-term securities with the highest market ratings sold by a government to finance its borrowings. Can be bonds, notes, and other debt instruments.
GOVERNMENT SPONSORED ENTERPRISE (GSE)
An example is the Federal Depository Insurance Corporation (FDIC). It is chartered by the federal government to supply public financial services . Typically, a private enterprise corporation.
GOVERNMENT SURPLUS
Government asset worth exceeding the worth of its liabilities.
GOVERNMENT-OPERATED NON-GOVERNMENTAL ORGANIZATION (GONGO)
Government-generated organization that is like an NGO; typically established to publicize issues the government wants noticed. Not a traditional NGO.
GOVERNMENT-OWNED PROPERTY
(Federal, state or local) government asset. Typically gained by purchase, foreclosure or tax default. The asset is property held by a government agency.
GOVERNMENTAL
Involving the government. Examples are: governmental policy, governmental rulings, governmental limitations.
GOVERNMENTAL AGENCY
an organisation that is created to carry out a function of government. See appendix.
GOVERNMENTAL IMMUNITY
power of the government to limit taxes on states and on the states to limit tax on the government.
GOVERNOR
The title of the chief executive in each of the states and territories ofthe United States ; and also of the chief magistrate of some colonies, provinces, and dependencies of […]
GRACE
This word is commonly used in contradistinction to “right.” Thus, in St. 22Edw. III., the lord chancellor was instructed to take cognizance of matters of grace,being such subjects of equity […]
GRACE PERIOD
Additional time scheduled or allocated to complete a task, such as complying with a regulation, meeting an obligation , or obtaining an agreement.
GRACE PERIOD CLAUSE
Loan agreement point that a borrower cam skip installments if the borrower prepaid some of the loan. The skipped installments can not exceed the amount prepaid.
GRACE, DAYS OF
Time of indulgence granted to an acceptor or maker for the paymentof his bill of exchange or note. It was originally a gratuitous favor, (hence thename,) but custom has rendered […]
GRAD
Measure of angle in units of 1/100th of a right angle or 0.9 degree. Known also as grade.
GRADATIM
In old English law . By degrees or steps ; step by step; from one degree to another. Bract, fol. 64.
GRADE
1. Category level, quality rating, or step-wise rank. 2. Scaled classification . 3. To make a bumpy surface even or smooth. 4. A building or structure horizontal ground level 5. […]
GRADED COMMISSION
Commissions as a percentage paid per an achievement schedule. Category or amount of policies written is the basis for the step-wise levels of commissions paid.
GRADED DEATH BENEFITS
Typically in life insurance policies taken on children. Death benefit dependent on age of the child or age of the policy. It is possible for the benefit amount to be […]
GRADED OFFENSE
crime that is given a greater punishment than is ordinarily given out.
GRADED PREMIUM
The beginning premium of a contract is low and increases over time based on a schedule.
GRADES OF CRIME
how crimes are sorted out according to their severity.