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Dictionary Starting with G

GAAP

Generally Accepted Accounting Principles - the standard framework for financial accounting

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General Ledger

The main accounting record that summarizes all transactions for a company

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Gross Profit

The difference between revenue and the cost of goods sold

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Generally Accepted Accounting Principles (GAAP)

The set of accounting principles and standards used to prepare financial statements that are comparable and consistent across organizations.

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Generally Accepted Auditing Standards (GAAS)

The set of standards and guidelines used by auditors to ensure the quality and integrity of their work.

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Gross margin

The percentage of revenue that remains after deducting the cost of goods sold, used to measure a company's profitability.

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Goodwill

The value of a company's intangible assets, such as its reputation, brand recognition, and customer relationships.

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Grawlix

A series of typographical symbols used to represent profanity or other nonverbal forms of communication in comics and cartoons.

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Gambit

A calculated move or maneuver that is designed to gain an advantage or achieve a goal.

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Gastromancy

A form of divination or fortune-telling that involves interpreting stomach noises.

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Gossamer

A fine, delicate, and often translucent material or substance, or something that is light and insubstantial.

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Grandiloquent

Pompous or extravagant in speech or writing, often used to describe someone who uses language in an excessively showy or ornate manner.

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Gait

A person's manner of walking or moving

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Galvanize

To shock or excite someone into taking action or becoming active

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Gaslight

To manipulate someone into questioning their own sanity or perception of reality

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Gaslighting

The act of manipulating someone into questioning their own sanity or perception of reality

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Gauge

An instrument or device for measuring, testing, or registering something

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Gay

A term used to describe someone who is attracted to people of the same sex or identifies as homosexual

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Gender

The state of being male or female or non-binary

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Generate

To produce or create something

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Generation

A group of people born and living at the same time

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Generosity

The quality of being generous

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Gentrification

The process of renovating and improving a neighborhood or area

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Geriatric

Relating to old age or elderly people

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Get

To acquire or obtain something

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Ghosting

The act of suddenly ending all communication with someone

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Giddy

Feeling dizzy or lightheaded

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Gigolo

A male escort who is paid for companionship and sexual services

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Gist

The essential part or main point of something

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Give

To provide or offer something

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Glory

Great honor or praise

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Gluttony

The habit of overeating or excessive indulgence in food or drink

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Goal

An aim or objective to be achieved

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God

A supreme being or deity worshipped in various religions

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