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 minus indirect business taxes make up the international income.

twittermail
Categories: G

GROSS NATIONAL PRODUCT (GNP)

National GDP plus overseas income from in-country companies’ foreign subsidiaries as well as nationals living out of the country.

twittermail
Categories: G

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.

twittermail
Categories: G

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 if one drives recklessly and kills another, it is applied as involuntary manslaughter.

twittermail
Categories: G

GROSS PARITY

After being translated into US dollars, this is the international equities and convertible securities price value .

twittermail
Categories: G

GROSS PAY

employee’s regular total earnings before any deductions are made. Allowances, overtime pay, commissions, bonuses, and salary comprise total earnings.

twittermail
Categories: G

GROSS PREMIUM

the normal life insurance premium the policy owner pays. Net premium plus expenses plus commissions comprise this value.

twittermail
Categories: G

GROSS PRICE

Product or service invoiced value prior to any discounting. A value in accounting principles.

twittermail
Categories: G

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 in mining or drilling fields.

twittermail
Categories: G

GROSS PROFIT

Total revenue minus total cost of goods or services sold. This includes all production, marketing, and distribution costs.

twittermail
Categories: G