European Union Terms - G
General Affairs Council (GAC) - (one of the technical councils of the European Union which deals with general internal European Union issues)
General Agreement on Tariffs and Trade (GATT) - (agreement officially launched in October 1947, which aimed at eliminating trade barriers between nations - agreement served as the name for the international treaty organization headquartered in Geneva, Switzerland - in 1995, the Uraguay Round of GATT, replaced GATT with the World Trade Organization (WTO) to administer trade agreements.)
General Agreement on Trade in Services (GATS) -
General Court (GC) - (essentially the lower court of the Court of Justice of the European Union (CJEU), consisting of two judges from each EU member state (54 total following Brexit), appointed for six year renewable terms - formerly known as the Court of First Instance (CFI) until the Treaty of Lisbon - the other, supreme court body is the Court of Justice)
General Data Protection Regulation (GDPR) - (European Union (EU) law governing information privacy and security - establishes rules for the collection, use, processing, destruction, and transfer of personal information - approved by the European Parliament in April 2016, effective in May 2018 - replaced the European Data Protection Directive (EU DPD) of 1995, which established common rules for data protection among Member States of the European Union)
Generally Accepted Accounting Principles (GAAP) - (standards, conventions, norms, and rules considered acceptable by the accounting profession in recording and summarizing transactions, and in the preparation of financial statements)
Generally Accepted Auditing Standards (GAAS) - (rules and guidelines to be followed by Certified Public Accountants (CPAs) in the preparation and conduct of audits of client financial statements in order to express an opinion on the financial statements)
Generally Accepted Government Auditing Standards (GAGAS) - (framework of audit and attest standards for use by auditors of government entities, functions, activities, and programs, issued by the U.S. Government Accountability Office (GAO) )
Generally Accepted Privacy Principles (GAPP) - (framework intended to provide guidance in the collection, use, retention, disclosure, and disposal of personal information in accordance with generally understood principles)
Genetic Information Nondiscrimination Act (GINA) - (federal law enacted in 2008 to protect individuals against discrimination based on their genetic information in health coverage and in employment)
geographical information system (GIS) - (a tool used to integrate, convert, handle, analyze, and produce information regarding the surface of the earth)
global positioning satellite (GPS) - (satellite which is part of a global positioning system (GPS) network of tracking satellites with geolocation capabilities - capable of determining the physical or geographic location of a device)
global positioning system (GPS) - (system using satellites in space to calculate the current location on earth of a person or device - can have a roughly three-foot radius measure of accuracy)
Global Privacy Enforcement Network (GPEN) - (an international network of privacy enforcement authorities tasked with aiding the flow of personal information across borders)
Government Auditing Standards (GAS) - (standards to be followed by auditors in the audit of U.S. federal departments and agencies)
Gramm-Leach-Bliley Act (GLBA) - (U.S. federal law enacted in 1999 which requires domestic financial institutions, including banks, auto dealerships, savings and loans, credit unions, insurance companies, brokerages, and securities firms to provide a privacy notice to customers, allow customers to opt out of personal information sharing and develop a securiity plan to protect information)
Greece exiting (Grexit) - (threat or possibility that Greece might leave the European Union)
Green European United - Nordic Green Left (GUE-NGL) - (left-wing European political party)
gross domestic product (GDP) - (total value of all goods and services produced in a country in a given year)
gross national income (GNI) - (income of all sectors of the economy of a country in a period, that equals gross national product in amount)
gross national product (GNP) - (the market value of all items and services produced in a country in specific period of time)
Group of Eight (G8) - (Group of 8 major industrialized countries: Canada, France, Germany, Great Britain, Italy, Japan, Russia, and the United States)
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