GENERAL LIEN
A claim that may affect all of the properties of a debtor. GOING CONCERN VALUE
The worth of a business, including real estate, goodwill, and earning capacity. GOODWILL
An intangible asset (value) of a business. GOVERNMENT LOT
Fractional piece of land less than a quarter section resulting from geographical
features (e.g., lakes, streams) interfering with land surveying. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA) ('GINNIE
MAE')
A federal agency designed to handle special assistance functions for certain
loans and securities. GOVERNMENT SURVEY SYSTEM
A type of land description developed by the federal government for subdividing
lands utilizing surveying lines. GRANTEE
Party who receives a deed or grant; buyer. GRANTING CLAUSE (PREMISES SECTION)
The provision in a deed that specifies the names of the parties involved, the
words of conveyance, and a description of the property. GRANTOR
Party who signs and gives a deed; seller. GREEN BELT LAW, FLORIDA
Legislation that authorizes county property appraisers to asses land used for
agricultural purposes according to its current value as agricultural land. GROSS INCOME MULTIPLIER (GIM)
A rule of thumb for estimating the market value of commercial and industrial
properties; the ratio to convert annual income into market value. GROSS RENT MULTIPLIER (GRM)
A rule of thumb for estimating the market value of income-producing residential
property; the ratio to convert rental income into market value. GROUP LICENSE
A right granted a salesperson or broker salesperson to work various properties
owned by affiliated entities under one owner-developer.
