Glossary G

Glossary

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Gift Tax Annual Exclusion
The first $10,000 in gifts that an individual can give tax free to another during a calendar year. The amount will be indexed for inflation after 1998. (See Annual Exclusion.)

Grantor
An individual who gives property outright or in a trust.

Gross Monthly Income
The amount of consistent and stable income that an individual receives each month, averaged over a period of time. This amount includes overtime pay, bonuses, commissions and income from dividends or interest, provided that the individual can show a consistent history of receiving such income.

Growth Stock
Stock of a corporation with a record of faster-than-average sales and earnings. Growth stock typically appeals to investors who seek a long-term increase in value.

Guardian
An individual or institution named by a court to manage the property of a person who is adjudged incapable of handling his or her own affairs.

Not FDIC insured | May lose value | No bank guarantee

An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

Shares of the Northern Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.