What Is a Generation-Skipping Trust (GST)? A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor’s grandchildren, thus “skipping” the next generation, the grantor’s children. By passing over the grantor’s children, the assets avoid the estate taxes—taxes on an individual’s property upon
What Is Generation X (Gen X)? Generation X, which is sometimes shortened to Gen X, is the name given to the generation of Americans born between the mid-1960s and the early-1980s. The exact years that comprise Gen X vary. Some researchers—demographers William Strauss and Neil Howe, for example—place the exact birth years from 1961 to 1981, whereas Gallup
What Is Gen-Saki? Gen-saki is a secondary bond market in Japan, also known as a repo market for its similarity to repurchase agreements. Key Takeaways Gen-saki is a secondary bond market in Japan, also known as a repo market for its similarity to repurchase agreements.Gen-saki trading involves the buying or selling of bonds with a
What Is Gentrification? Gentrification is the transformation of a city neighborhood from low value to high value. Gentrification is also viewed as a process of urban development in which a neighborhood or portion of a city develops rapidly in a short period of time, often as a result of urban-renewal programs. This process is often
What Is Geographical Diversification? Diversification, generally speaking, is the practice of allocating money to a wide variety of investments so as to minimize risk. It’s the financial equivalent of not putting all your eggs in one basket. Geographical diversification means holding securities from different regions. You don’t want all of your money in a single
What is Geographical Labor Mobility? Geographical labor mobility refers to the level of flexibility and freedom that workers have to move from one region or locale to another in order to find gainful employment in their field. Key Takeaways Geographic labor mobility refers to the ability of workers within a specific economy to relocate in
What Is Geographical Pricing? Geographical pricing is the practice of adjusting an item’s sale price based on the location of the buyer. Sometimes the difference in the sale price is based on the cost to ship the item to that location. But the difference may also be based on what amount the people in that
What Is Geolocation? Geolocation is the ability to track a device’s whereabouts using GPS, cell phone towers, WiFi access points or a combination of these. Since devices are used by individuals, geolocation uses positioning systems to track an individual’s whereabouts down to latitude and longitude coordinates, or more practically, a physical address. Both mobile and desktop devices can use geolocation.
What Is a Gantt Chart? A Gantt chart is a commonly used graphical depiction of a project schedule. It’s a type of bar chart showing the start and finish dates of a project’s elements such as resources, planning, and dependencies. Henry Gantt (1861-1919), an American mechanical engineer, designed the Gantt chart. Key Takeaways A Gantt
What Is a Gap Analysis? A gap analysis is the process that companies use to compare their current performance with their desired, expected performance. This analysis is used to determine whether a company is meeting expectations and using its resources effectively. A gap analysis is the means by which a company can recognize its current
