Glossary of Terms beginning with G

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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 Items that may be used and outdated but still serviceable, are likely valued at less than their original purchase price.
Grantor: 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.
Guardian: A person appointed or approved by the court to look after the personal interest of another person.