Tooltip Categories: Economics & Finance

guaranties

An agreement by which one person assumes the responsibility of assuring payment or fulfillment of another’s debts or obligations. (source: http://www.thefreedictionary.com/Guarantys)

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guarantor

Person or entity who guarantees to pay for someone else’s debt if he or she should.default on a loan obligation. A guarantor acts as a

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gross domestic product [GDP]

The market value of all officially recognized final goods and services produced within a country in a given period of time. (source: https://en.wikipedia.org/wiki/Gross_domestic_product)

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gross profit

Is a company’s residual profit after selling a product or service and deducting the cost associated with its production and sale and before paying any

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grounds

In law, a rational motive, basis for a belief or conviction, for an action taken, such as a legal action or argument; reason or cause.(source:

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group dynamics

The understanding of group dynamics can help managers in getting work done by employees in cooperative and productive manner. Group dynamics describes the formation of

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gross

Aggregate amount prior to any deduction or discount.(source:businessdictionary.com )

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