Financial Term Index: G

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Grace Period

Grace period also known as an interest-free period, this is an allocated time period where you pay 0% on your interest. Balance transfer loans are known

Gross Income

Gross income is the total amount earned before any adjustments are subtracted.

Guarantor

Guarantor is a person who pledges collateral for the contract of another or who guarantees to pay a certain debt if the original borrower defaults.

Gross Pay

Gross pay is the amount people earn per pay period before any deductions or taxes are paid.

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