General Lien- A lien such as a tax lien or judgment lien, which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to a specific property.
General Warranty Deed- A deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a "cloud" on it (such as mortgage claims, tax liens, title claims, judgments, or mechanic's liens against it) the grantee may hold the grantor liable.
Government National Mortgage Association (GNMA/Ginnie Mae)- A government owned agency that acts as a secondary market conduit for FHA and VA loans. GNMA guarantees the timely principal and interest payments to investors.
Grandfather Clause- The clause in a law permitting the continuation of a use, business, etc., which was permissible but because of a change in the law is now no longer permissible.
Ground Rent- Rent paid for vacant land. If the property is improved, ground rent is the portion attributable to the land only.
Grantee- The buyer, who receives a deed.
Grantor- The seller, who gives a deed.
