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| Gem
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Growing Equity Mortgage - a mortgage loan in which the payment is increased by a specific amount each year, with the additional payment amount applied to principal retirement. As a result of the added principal retirement, the maturity of the loan is significantly shorter than a comparable level-payment mortgage. |
| General band saw blade
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General band saw blades are used for curves and some straight sawing in thin and thick material. |
| General contractor
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Contractor who assumes responsibility for completing a construction project, under contract to the owner, and hires, supervises and pays all subcontractors. |
| General lien
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A lien that includes all of the property owned by the debtor, rather than a specific property and may be obtained either through a judgment lien, where the court issues a judgment, a lien by creditors on an estate, or through federal and state tax liens. |
| General lighting
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Substantially uniform lighting of a space without providing for special local lighting requirements like task lighting or accent lighting. |
| General partner
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The managing partner of a limited partnership who is in charge of its operations and has unlimited liability. All partners in an ordinary partnership are general partners. A limited partnership must have one general partner. |
| General purpose circuit
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Electric circuit supplying a number of outlets for lighting or appliances. |
| General purpose/combination blade
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General purpose/combination blades are designed to handle both crosscutting and rip cutting with any saw type. |
| General warranty deed
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A deed in which the grantor agrees to protect the grantee against any other claim to title of the property. The covenants assure good title, freedom from encumbrances and quiet enjoyment. |
| Generally accepted accounting principles (gaap)
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Set of rules considered standard and acceptable by Certified Public Accountants. |
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