A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Guanxi

The network of personal contacts that is the most important trait of Chinese executives. One may refer to this as their “social capital” as it is used for professional advancement. This network consists of family, college or university acquaintances, co-workers,…

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Guaranteed freight

Freight charges that are not prepaid but are payable whether the cargo is delivered or not, provided that failure to deliver resulted from causes beyond the carrier´s control.

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Guarantor

An individual or legal entity that makes a guaranty, by which the guarantor agrees to be held liable for another´s debt or performance.

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Guaranty

A contract by which one person (the guarantor) agrees to pay another´s debt or to perform another´s obligation only if that other individual or legal entity fail to pay or perform. A guaranty is usually a separate contract from the…

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