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Glossary
Garnishment
To seize a person's property, credit or salary, on the basis
of a law which allows it, for the purposes of paying off a
debt. The person who owes the debt and is the subject of the
seizure is called a "garnishee". This is frequently used in
the enforcement of child support where delinquent debtors will
be subjected to salary garnishment. A percentage of their
wages is subtracted directly off their pay-check and directed
to the person in need of support (the employer being the
garnishee). Many states have a law making garnishment illegal.
Gavel
A wooden mallet used by a judge to bring proceedings to a
start or end or to command attention in court.
General Agreement on Tariffs and Trade
(GATT)
Multilateral international treaty first created in 1947 and
frequently amended (most recently in 1994) providing for fair
trade rules and the gradual reduction of tariffs, duties and
other trade barriers. The 1994 amendment created a World Trade
Organization, which oversees the implementation of the GATT.
125 countries subscribe to the treaty at this time.
General counsel
The senior lawyer of a corporation, normally a full-time
employee of the corporation. Some corporations contract this
position out to a lawyer with a private firm.
Gift over
A device used in wills and trusts providing for the gift of
property to a second recipient if a certain event occurs, such
as the death of the first recipient. For example, a testator
leaves rental property to an individual but that individual
must give the property to his child upon his own death. That
is a gift over to the benefit of the child.
Goodwill
An intangible business asset which includes a cultivated
reputation and therefore the attraction and confidence of
repeat customers and connections. Sales of businesses often
include a section of the purchase price for "goodwill".
Grand Jury
An American criminal justice procedure whereby, in each court
district, a group of 16-23 citizens holds an inquiry on
criminal complaints brought by the prosecutor and decides if a
trial is warranted, in which case an indictment is issued. If
a Grand Jury rejects a proposed indictment it is known as a
"no bill"; if they accept to endorse a proposed indictment it
is known as a "true bill".
Gross negligence
An act or an omission in reckless disregard of the
consequences to the safety or property of another. Sometimes
referred to as "very great negligence". It is far more than
neglect of ordinary care towards others or inadvertence. Also
known as the Latin term culpa lata.
Guarantor
A person who pledges collateral for the contract of another,
but separately, as part of an independently contract with the
obligee of the original contract. Compare with "surety."
Guardian
An individual who is given custody of both the property and
the person of one who is unable to manage his own affairs,
such as a child or a mentally-disabled person. This is done by
legal appointment or by the effect of a written law.
Guardian ad litem
A guardian appointed to assist an infant or other mentally
incapable defendant or plaintiff, or any such incapacitated
person that may be a party in a legal action.
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