Glossary of Terms beginning with G

Click one of the letters above to go to the page of all terms beginning with that letter.
Generation-Skipping Transfer Tax

Imposes a tax on both outright gifts and transfers in trust to or for the benefit of persons two or more generations younger than the donor, such as grandchildren. This is a confiscatory tax intended to not allow family dynasties.

Gift Tax

Synonym of “Federal Gift Tax” - The tax imposed on the transfer of property during the lifetime of the donor. This tax is typically paid by the donor.

Gifts In Kind

Non-monetary items that your charity is able to put directly to use for its charitable purposes such as: blankets for a homeless shelter, computers to a school. Items that may be used and outdated but still serviceable, are likely valued at less than their original purchase price. 


The creator of a trust or other legal instrument. One who makes a gift.

Gross Estate

Generally, all property owned by an individual at the time he or she dies.

Gross Income

Everything earned or received as income during the year.

Growth Stock

Shares in a company whose earnings are expected to grow at an above-average rate relative to the market.
Also known as a "glamor stock".

A growth stock usually does not pay a dividend, as the company would prefer to reinvest retained earnings in capital projects. Most tech companies are growth stock. Growth company’s stock is often overvalued.


A person appointed or approved by the court to look after the personal interest of another person.