gift of equity

A gift of equity occurs when a seller (commonly a parent) sells a home to a family member for less than its fair market…

gift card

• A gift card is a prepaid card loaded with a set dollar amount for future purchases. – Two main types: closed‑loop (merchant‑specific) and…

Genuine Progress Indicator (GPI)

Key takeaways – The Genuine Progress Indicator (GPI) is an alternative to GDP that attempts to measure real economic progress by including environmental and…

genesis block

• The genesis block is the very first block of a blockchain (height 0). It is the ancestor to every other block and establishes…

Generation-Skipping Transfer Tax (GSTT)

The generation‑skipping transfer tax (GSTT) is a federal transfer tax that applies when a transfer of property “skips” a generation — typically when a…

Generation X

Key takeaways – Generation X typically refers to people born roughly between 1965 and 1980 (some researchers use slightly different ranges). – Gen X…

Generation Gap

A generation gap is the set of differences in beliefs, values, expectations and behaviors that can appear between age cohorts. Those differences are shaped…

General Partnership

A general partnership is an unincorporated business arrangement in which two or more people agree to share ownership, management, profits—and unlimited personal liability—for a…

Gemology

Key takeaways – Gemology is the scientific study and identification of gemstones—their properties, cutting, treatments, and value. (Source: Investopedia) – Identification (distinguishing natural, treated,…

GDP per Capita

GDP per capita is the gross domestic product (GDP) of a country divided by its population. It shows the average market value of goods…