GL glossary terms

Browse full definitions for every GL term in the Amicus glossary.

Glass-Steagall Act

/ˈɡlæs ˈstiɡəl ækt/

Definitions

  1. (n.) A U.S. federal law enacted in 1933 separating commercial and investment banking to reduce financial risk and conflicts of interest.
    The Glass-Steagall Act was central to banking regulation until key provisions were repealed in 1999.

Forms

  • glass-steagall act
  • glass-steagall acts

Commentary

Commonly cited in discussions about financial stability and regulatory reform; refer to specific provisions when detailing regulatory effects.


Glean

/ˈɡlin/

Definitions

  1. (v.) To gather information or materials bit by bit, especially from various sources, often for legal evidence or research.
    The attorney gleaned relevant facts from multiple witness statements.

Forms

  • gleans
  • gleaned
  • gleaning

Commentary

In legal contexts, gleaning often refers to the careful collection of information critical for case building or compliance, emphasizing thoroughness and piecemeal assembly of facts.


Global

/ˈɡloʊbəl/

Definitions

  1. (adj.) Pertaining to or involving the whole world; relating to international scope or application in legal contexts.
    The company faces global regulations when operating in multiple countries.
  2. (adj.) Comprehensive or all-encompassing, such as a global settlement resolving all claims in litigation.
    The parties agreed to a global resolution to settle all disputes at once.

Commentary

In legal drafting, "global" often signals scope beyond national borders or encompassing all relevant aspects, useful in describing settlements, regulations, or issues involving multiple jurisdictions.


Global Depositary Receipt

/ˈɡloʊbəl dɪˈpɒzɪtəri rɪˈsɪpt/

Definitions

  1. (n.) A negotiable financial instrument issued by a bank representing shares in a foreign company, allowing investors to trade equity in that company on local stock exchanges.
    Investors used a global depositary receipt to buy shares in the international corporation without dealing with foreign exchange regulations.

Forms

  • global depositary receipt
  • global depositary receipts

Commentary

Global depositary receipts facilitate cross-border equity investment by simplifying the trading and regulatory process for foreign shares.


Global Governance

/ˈɡloʊbəl ˈɡʌvərnəns/

Definitions

  1. (n.) The system of rules, institutions, and practices through which global affairs are managed across states and international organizations.
    Global governance seeks to address issues that transcend national borders, such as climate change and security.
  2. (n.) The framework for cooperation among nations to create and enforce international law and policies.
    Effective global governance is essential for maintaining international peace and security.

Commentary

Global governance primarily pertains to the collective management of international legal and political issues beyond the authority of individual states, emphasizing cooperation rather than centralized control.


Global Income

/ˈɡloʊbəl ˈɪnkəm/

Definitions

  1. (n.) The total worldwide income of an individual or entity, often used in tax law to determine taxable earnings from all jurisdictions.
    The taxpayer's global income must be reported to comply with international tax regulations.

Forms

  • global income

Commentary

Global income is crucial in cross-border tax assessments, especially for residents taxed on their worldwide earnings versus nonresidents taxed on source income.


Global Labor Governance

/ˈɡloʊbəl ˈleɪbər ˈɡʌvərnəns/

Definitions

  1. (n.) The system of rules, institutions, and practices that regulate labor standards, rights, and relations at the international level.
    Global labor governance aims to enforce workers' rights across different countries through international agreements.

Forms

  • global labor governance

Commentary

Often involves cooperation between states, multinational corporations, and international organizations; emphasizes standards beyond national law.


Global Regulations

/ˈɡloʊbəl ˌrɛɡjʊˈleɪʃənz/

Definitions

  1. (n. pl.) Rules and standards adopted or enforced by international bodies or agreements governing conduct across nations.
    Global regulations on environmental protection require countries to reduce carbon emissions.

Forms

  • global regulation

Commentary

Often involves harmonization of diverse national laws to address cross-border issues.


Global Systemically Important Bank

/ˈɡloʊbəl sɪˈstɛmɪkli ɪmˈpɔrtənt bæŋk/

Definitions

  1. (n.) A financial institution whose failure or distress would cause significant instability to the international financial system due to size, interconnectedness, or complexity.
    The regulations impose stricter capital requirements on any global systemically important bank.

Forms

  • global systemically important bank
  • global systemically important banks

Commentary

The designation is used in regulatory frameworks to identify institutions requiring enhanced supervision to mitigate systemic risk.


Globalization

/ˌɡloʊbələˈzeɪʃən/

Definitions

  1. (n.) The process by which legal, economic, and social systems become interconnected internationally, influencing laws and regulations across jurisdictions.
    Globalization has led to increased harmonization of trade laws among nations.

Commentary

In legal contexts, globalization often highlights the challenges and adaptations required in national legal systems due to increased international interaction and regulatory convergence.


Gloss

/ˈɡlɒs/

Definitions

  1. (n.) An explanatory note or commentary added to a legal text, statute, or document to clarify its meaning.
    The judge referred to the gloss on the statute to interpret its application.
  2. (v.) To explain, interpret, or provide commentary on a legal text or term.
    The lawyer glossed the contract provisions during the negotiation.

Forms

  • glosses
  • glossed
  • glossing

Commentary

In legal drafting, a gloss is often concise and authoritative to aid interpretation without altering the original text's meaning.


Glossary

/ˈɡlɒs·əˌrɛr·i/

Definitions

  1. (n.) An alphabetical list of terms and definitions, often used in legal documents to clarify specialized vocabulary.
    The contract included a glossary to define key technical terms clearly.

Forms

  • glossaries

Commentary

Glossaries in legal documents aid consistent interpretation by explicitly defining terms to avoid ambiguity.

Glossary – GL Terms