Glossary

A/ B/ C/ D/ E/ F/ G/ H/ I/ J/ K/ L/ M/ N/ O/ P/ Q/ R/ S/ T/ U/ V/ W/ X/ Y/ Z
Gross Income: The total revenue generated by an individual or organization before taxes and other expenses are subtracted.
Grandfather Clause: A clause in an agreement that allows the designated party to keep a certain right, or set of rights, even if those rights are no longer available to anyone else.
Good Funds: A form of payment, generally cash or cashier’s check, that a third party can take immediate possession without any encumbrances. Generally speaking, this type of payment is required at a closing so that the seller is assured immediate payment.
Good Faith Estimate: The term is generally used in real estate transactions to describe the estimated amounts due at the closing of a real estate deal.
Golf View: A property that offers physical views of a golf course but is not necessarily on the golf course.
General Contractor: A company or individual who engages in the business of building or remodeling properties.

DISCLAIMER: This information is provided for educational purposes only and it is not intended as legal advice. Home Connector cannot be held liable for any losses made in conjunction arising from any decisions made by you or on your behalf based on the information contained herein. Please consult a professional real estate agent or broker before making any investment decisions.

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