Skip to content

Business Glossary Terms - G

Back to Business Glossary Main Page

Find below a glossary of terms and definitions that begin with the letter G as it relates to business definitions.

Term Description
GASB (Governmental Accounting Standards Board) The Governmental Accounting Standards Board (GASB) establishes accounting standards for local and state entities including governmental colleges and universities.
GDPR The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) is a regulation by which the European Parliament, the Council of the European Union, and the European Commission intend to strengthen and unify data protection for all individuals within the European Union (EU). It also addresses the export of personal data outside the EU. The GDPR aims primarily to give control back to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU. 
Gifts Revenues received from gift or contribution nonexchange transactions. Includes bequests, promises to give (pledges), gifts from an affiliated organization or a component unit not blended or consolidated, and income from funds held in irrevocable trusts or distributable at the direction of the trustees of the trusts.
Graduation GPA Graduation GPA is average GPA calculated for courses taken at UC from the entry year to graduation.
Graduate Professional Programs at the University of California that are offering degrees that are designated as professional. These programs very often lead to clinical practice – MD, DDS e.g.
Graduation Rate Graduation rates measure the proportion of undergraduates in a particular cohort who graduate within 4, 5, or 6 years. This measure relates to overall time elapsed, disregarding terms the student may have stopped out. Six-year undergraduate rates are most typically used in comparing colleges and universities nationally. (For graduate students, completion rates–analogous to undergraduate graduation rates–may be used to measure the proportion of students who complete the intended degree within any time period that includes almost all completers–e.g., ten years for doctoral students).
Graduate Student A student who holds a bachelor's degree or above and is taking courses at the postbaccalaureate level. These students may or may not be enrolled in graduate programs.
Grants and Contracts (revenues) Revenues from governmental agencies and nongovernmental parties that are for specific research projects, other types of programs , or for general institutional operations (if not government appropriations). Examples are research projects, training programs, student financial assistance, and similar activities for which amounts are received or expenses are reimbursable under the terms of a grant or contract, including amounts to cover both direct and indirect expenses. Includes Pell Grants and reimbursement for costs of administering federal financial aid programs. Grants and contracts should be classified to identify the governmental level - federal, state, or local - funding the grant or contract to the institution; grants and contracts from other sources are classified as nongovernmental grants and contracts. GASB institutions are required to classify in financial reports such grants and contracts as either operating or nonoperating.
Grants by local government (student aid) Local government grants include scholarships or gift-aid awarded directly to the student. (Used for reporting Finance data)
Grants by state government (student aid) Grant monies provided by the state such as Leveraging Educational Assistance Partnerships (LEAP) (formerly SSIG's); merit scholarships provided by the state; and tuition and fee waivers for which the institution was reimbursed by a state agency. (Used for reporting Finance data)