Jargon Buster: G
Our glossary results: 20 matches!
Gable
The triangular upper portion of a wall at the end of a pitched roof. It typically has straight sides, but there are many variations. Gargoyle
A grotesque human or animal figurine that projects from a roof or the parapet of a wall or tower. They can often be found on old churches and cathedrals. Gazumping
Gazumping is when a seller accepts an offer from one interested party, only to accept a higher offer later on from someone else. It can cause financial and mental anguish and is a practice that most buyers would like to see outlawed. Gazundering
When a buyer forces a seller into accepting a lower offer for their property just before contracts are about to be exchanged by using the threat of pulling out of the purchase completely unless the seller accepts the lower price. Gearing
The percentage that a company's borrowings represent against shareholders’ funds (less intangibles) at the end of the last and preceding financial periods. Gilt-edged securities
Bonds or loan stocks, issued by the UK government, usually paying a fixed rate of interest, and regarded, due to the Government backing, as the safest form of capital retention. Low risk but also low reward. Good-faith estimate
An estimate from an institutional lender that shows the costs a borrower will incur, including loan-processing charges and inspection fees. Government-insured mortgage
Loans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements. Grace period
A specified amount of time to make a loan payment after its due date without penalty. Greenbelt
An area of land surrounding a city, protected by the government, on which new developments cannot be built. Gross
Before deduction of tax. Gross income
Your total income before tax and expenditures. Ground heave
Usually, upward movement in the foundations of a house caused by the absorption of moisture into sub-soil (usually clay). Ground rent
This applies only to leasehold properties and is a sum paid annually to the freeholder by the leaseholder. Growth companies
Companies expected to have continual growth, year on year, in their earnings per share. Guarantee mortgage
A loan guaranteed by a third party, such as a government institution. Guaranteed death benefit
Policies where the company will pay out a certain amount when you die. Guarantor
The guarantor is responsible for payments if you default. If a lender is concerned about your ability to repay your loan, they may require you to find a guarantor for the loan. Guide price
The guide price is nothing more than an estimate of the eventual sale price at an auction. Gully
A small opening under a drainpipe or wastepipe through which the water passes. Usually covered with a grate of some kind to prevent foreign object causing blockage.