Gnomenclature

Garnishment puts a legal claim on your wages or other income so that a portion is paid directly to a creditor. This may happen when you fail to meet your debt repayment obligations voluntarily, so the creditor has to take legal action to force the repayment of what you owe.

Grant is a very valuable form of student aid because, unlike a loan, it does not have to be paid back. Grants are generally based on financial need.

Greater fool theory describes the logic behind buying a security simply because its price is rising rapidly. It entails no fundamental analysis of the security’s actual value. It implies being willing to pay a foolishly high price on the assumption that a greater fool will later pay an even higher price.

Gross Domestic Product measures the value of a nation’s total economic activity. Changes in the GDP are used to measure the strength of the economy. In the U.S., GDP is reported quarterly. The numbers for each quarter are reported as an annual rate of change (i.e., the change that would result if that quarter’s pace of change were continued for a full year) adjusted for inflation.