Glossary: G

This section explains terms you might have seen in other parts of this site or in communication you have received from creditors.

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Definition: Gross

A total amount before fees and/or taxes are taken off.

Gross Interest
Definition: Gross Interest

The total interest on savings before any tax is taken off. See DIRT.

Gross Pay
Definition: Gross Pay

Total pay before income tax, PRSI, levies or pension payments are taken off.

Gross Profit
Definition: Gross Profit

Total profit made from selling goods and services after the cost of producing them is taken off.

Guaranteed Interest Rate
Definition: Guaranteed Interest Rate

An interest rate that someone can be sure they will receive on particular savings.

Definition: Guarantor

Someone who agrees to pay a loan if the person who received the loan does not. A guarantor should get independent legal advice before signing the guarantee (particularly for a mortgage loan).