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