Commercial Glossary: G

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General Partnership: This kind of partnership doesn’t limit the liability on partners.

Good Faith Deposit: This is a deposit of money put down towards the purchase of a house or property that shows the potential borrowers serious intent and want to buy.

Government-Based Income Streams: Cash streams that are paid for by government or related agencies or insurance companies.

Government Subsidized: Government assisted housing and rental assistance.

Grade Level Door: A door on a property that is on the ground level or foundation of the building.

Graduated Payment Mortgage: These mortgages have payments that being low and increase in amount over time.

Gross Rent Multiplier (GRM): This is a ratio that estimates income-producing properties from renters and lease agreements. It is calculated by dividing the sales price of the property by the monthly potential income generated by the building.

Ground Lease: This is a lease on land that doesn’t have any buildings on it.

Ground Level: This is the number, if any, of ground level doors a building has.

Government Sponsored Enterprise (GSE) Lenders: Lenders that operate with public interest and purposes created by the government. GSE’s service students, farmers and homeowners most often as part of their lending.

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