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Glossary - All Financing Terms are Defines Here
Glossary - G
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Gas Guzzler Tax :
A tax on vehicles that get poor gas mileage.

General Warranty Deed :
A deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a "cloud" on it (such as mortgage claims, tax liens, title claims, judgments, or mechanic's liens against it) the grantee may hold the grantor liable.

Grace Period :
The period of time after the due date that's allowed before a penalty is charged.

Grantee :
That party in the deed who is the buyer or recipient.

Grantor :
That party in the deed who is the seller or giver.

Gross Monthly Income :
The total amount the borrower earns per month, before any expenses are deducted (such as taxes or 401k plan).

Guarantee :
A promise by one party to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract.

 

 

 

 

 

 

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