Annual national value tally at market prices of overall output of goods and services. Non-US net income is excluded.
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GROSS EARNINGS
Un-adjusted, total calculated operational revenue. Pre-expense deduction.
GROSS EARNINGS AND NET EARNINGS
The gross earnings of a business or company are the total receipts before deducting expenditures. Net earnings are the excess of the gross earnings over the expenditures defrayed in producing […]
GROSS EARNINGS FORM
Insurance coverage for lost business gross earnings from insured condition damage. Excludes expenses stopped during damage recovery. Excludes un-contracted expenses.
GROSS ESTATE
Un-adjusted, under probate estate value; probate fees are a percentage of this value.
GROSS INCOME
Production costs or cost of sales amount exceed by unadjusted, total sales revenue .
GROSS INVESTMENT
Un-depreciated, total invested value of business assets. This more accurately presents actual financial commitment to an asset with potential return by the firm.
GROSS LEASABLE AREA
Excludes unrentable space area from gross building area.
GROSS LEASE
Lease type. The tenant. or lessee, is accountable only for a fixed fee or rent. The owner pays all other expenses, service fees, and taxes. Insurance, maintenance, and taxes are […]
GROSS LINE
Maximum damage coverage for a specific risk .
GROSS MARGIN
( Sales revenue minus Cost of sales) divided by Sales revenue calculates this value.
GROSS MISCONDUCT
Employee’s serious wrongdoing justifying instant dismissal.
GROSS NATIONAL DEBT
Country’s total debt, both public and private .
GROSS NATIONAL EXPENDITURE
Country’s total expenses, both public and private , excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.
GROSS NATIONAL HAPPINESS (GNH)
Psychological and physiological attempt to measure national happiness as a part of GDP (Gross Domestic Product). Bhutan’s former King Jigme Singye Wangchuck coined it in 1972. Techniques vary, but a […]
GROSS NATIONAL INCOME
Total international income added to the gross domestic product (GDP) makes up this value. Government expenditures plus international assets generated income plus gross exports generated income minus gross import taxes […]
GROSS NATIONAL PRODUCT (GNP)
National GDP plus overseas income from in-country companies’ foreign subsidiaries as well as nationals living out of the country.
GROSS NEGLECT OF DUTY
1. This term is often seen in divorce papers and means dereliction of marital duties. 2. Used when a public officer has done things to endanger welfare of the public.
GROSS NEGLIGENCE
A severe degree of negligence taken as reckless disregard . Blatant indifference to one’s legal duty, other’s safety, or their rights are examples. There is no specific legal definition, but […]
GROSS PARITY
After being translated into US dollars, this is the international equities and convertible securities price value .
GROSS PAY
employee’s regular total earnings before any deductions are made. Allowances, overtime pay, commissions , bonuses, and salary comprise total earnings.
GROSS PREMIUM
the normal life insurance premium the policy owner pays. Net premium plus expenses plus commissions comprise this value.
GROSS PRICE
Product or service invoiced value prior to any discounting. A value in accounting principles.
GROSS PRODUCTION TAX
Tax placed on each generated unit’s value as a company mines or drills them. Typically deductible from the companies’ federal taxes . Certain states levy these taxes on companies operating […]
GROSS PROFIT
Total revenue minus total cost of goods or services sold. This includes all production, marketing, and distribution costs.