Glossary of Business & Commercial - Glossario Società & Commerciale

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Gearing: usually expressed as a percentage, it is the ratio of borrowings to shareholders funds. If over 100% then total borrowings are greater than shareholders funds and the company would be vulnerable to interest rate rises. 

General Meeting: a meeting of shareholders. It may be an annual general meeting or an Extraordinary General Meeting where shareholders give their approval for transactions.

Gross Profit: this indicates the profit before deducting depreciation, distribution, selling and administration costs. It is an indicator of the underlying profitability of a company´s core operations.

Guarantee (Company Limited by): a company where the liability of the members is limited, usually to £1. They are usually for charitable purposes or clubs.