gift tax
n. federal tax on large gifts. Gifts to members of a family may be up to $10,000 a year to each plus an additional $30,000 accumulation of gifts is allowed tax-free. Several states also impose gift taxes. As with all tax questions, professional assis ...

go bail
v. slang for putting up the bail money to get an accused defendant out of jail after an arrest or pending trial or appeal.

good cause
A legally sufficient reason for a ruling or other action by a judge. The language is commonly: "There being good cause shown, the court orders…."

good faith
n. honest intent to act without taking an unfair advantage over another person or to fulfill a promise to act, even when some legal technicality is not fulfilled. The term is applied to all kinds of transactions.

Good Samaritan rule
n. from a Biblical story, if a volunteer comes to the aid of an injured or ill person who is a stranger, the person giving the aid owes the stranger a duty of being reasonably careful.

good title
n. ownership of real property which is totally free of claims against it and therefore can be sold, transferred or put up as security (placing a mortgage or deed of trust on the property).

goods
n. items held for sale in the regular course of business, as in a retail store.