General warranty deed - The Grantor warrants title against all claims.

Graduated payment mortgage - A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off.

Grantee - The person receiving an interest in property. Compare, GRANTOR

Grantor - The person granting, selling or giving up an interest in property. Compare, GRANTEE.

Gross income - Income before expenses.

Gross income - Income before expenses.

Gross margin - With regard to an adjustable rate mortgage, an amount expressed as percentage points, stated in the note which is added to the current index value on the rate adjustment date to establish a new note rate.

Ground lease - The owner grants a long-term lease of the land (usually 99 years) and allows the lessee to build and use the land as agreed. At the end of the term, the land and all improvements revert to the owner.

Guardian - One appointed by the Court to administer the affairs of a minor. A guardian ad litem is appointed to protect one's interest in a particular legal action. See, CONSERVATOR.