G Moving Terms

Moving Terms Dictionary


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  (29 Terms)

General Average

A loss due to a successful voluntary sacrifice of any part of a vessel or cargo to avoid loss of the whole vessel or cargo. The value of such a loss is apportioned among all customers and the vessel itself. Until the assessment is paid, a lien lies against the whole cargo aboard the vessel.

General Commodities

Common freight, except for Class A and B explosives, bulk commodities and household goods.

General Commodity Rate

Rates assessed regardless of the goods being transported, normally applied to air carriage, and only used when no specific commodity rate is available.

General Order Drayage

Government cartage ordered by the U.S. Customs Service for transfer from a pier, dock or warehouse facility, and deposited into a specified bonded warehouse. See General Order Merchandise.

General Order Merchandise

Cargo taken into custody by the U.S. Customs Service whenever entry was not made within a period of time as specified by law. Custody is held at a general order warehouse until released by the U.S. Customs Service.

General Order Storage

Storage ordered by the U.S. Customs Service. See General Order Merchandise.

General Services Administration (GSA)

The government agency that hands out the rules for government moves. The GSA also grades all carriers on performance, and manages, leases and sells buildings belonging to the government.

Geographic Management

A third-party who works with transferees moving out of a specific geographical area, regardless of the corporate client.

Ginnie Mae

See Government National Mortgage Association.

Goods and Services Differential

An allowance to compensate a transferring employee for differences in the cost of goods and services between the old location and the new location. Also called Cost-of-Living Allowance or Allowance.

GOV (abbrv.)

Government.

Government Bill of Lading (GBL)

The contract for goods being transported for any agency of the federal government.

Government Bill of Lading Shipper

A customer from any agency of the federal government whose household goods are being transported under a government bill of lading.

Government Cartage

Must be performed by a licensed customhouse cartman or drayman under contract with the U.S. Customs Office issuing the cartage or drayage order. See General Order Drayage.

Government Distribution Release (GDBR)

Computerized system to monitor settlement release of government shipments.

Government National Mortgage Association (GNMA)

A federal agency that guarantees mortgage-backed securities sold to investors.

Graduated-Payment Mortgage

A loan in which the monthly payments gradually increase as a person's income increases until the loan is paid.

Grant Deed

A warranted title to assure that the estate has not been previously conveyed to another, that the property has not been encumbered and that the grant will convey any title later acquired.

Grantee

The purchaser of property. The person receiving a transfer of title.

Grantor

The seller of property. The person transferring a title.

Gross Chargeable Weight

Gross chargeable is equal to one pound chargeable for 166 cubic inches of consumed space by the shipment in the air freight industry. This converts to a density factor of 10.42 pounds per cubic foot on the net weight.

Gross Income

A person's total income before taxes and expenses.

Gross Income Multiplier

A number to express the relationship of gross income to sales price. The figure is calculated by multiplying the price by the gross annual income.

Gross Lease

A lease whereby the landlord pays for all regular charges like repairs, taxes, insurance and operating expenses that normally come with ownership, and the tenant pays a fixed rent.

Gross Weight

The weight of the truck after a shipment has been loaded.

Ground Lease

A long-term lease for land only, requiring the lessee to build his or her own building as stated in the lease.

Group Move

Planning, organizing and executing every aspect of both the facility and employee relocation.

Growth Equity Mortgage

A loan, similar to the graduated-payment mortgage, where the monthly payment on a fixed-rate mortgage increases as the person's income increases.

Guaranteed Pick-Up and Delivery Service

An additional level of service whereby dates of service are guaranteed with Atlas providing reimbursement for delays. This premium service is often subject to minimum weight requirements.

  (29 Terms)

 

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