Garnishee To deduct money from a debtor’s wages or receivables to pay a creditor. The creditor obtains a court order directing the person, company, or bank to make the deduction and pay it into court.

Going public The action of a private corporation in offering its shares for general sale to the public through the stock exchange.

Good faith An unspoken attitude of honesty and serious intention between two or more parties.

Goodwill The value of customer lists, trade reputation, etc., which is assumed to go with a company and its name, particularly when trying to arrive at the sale price for the company. In accounting terms it is the amount a purchaser pays over the book value.

Gross The total amount before deductions.

Gross profit Profit after the deduction of all costs of material or merchandise, labour, and overhead, but before selling and administrative costs.

Guarantor A person or company that guarantees to pay the financial obligations of a business or contract. Used frequently relating to leases or loans. Similar terms include indemnitor or co-investor.