GRANDFATHER CLAUSE >> The clause in a law permitting the continuation of a use, business etc., which, when established, was permissible but, because of a change in the law, is now not permissible.

GRANT DEED >> A written instrument used to transfer or convey real property. A grant deed contains warranties against prior conveyances or encumbrances.

GRANTEE >> One who received property rights when a grant is made. Generally, the buyer or purchaser of real property.

GRANTOR >> One who grants property or property rights to another .

GROSS INCOME (BUSINESS) >> The total income earned, either actual or estimated, from a business or property.

GROSS MONTHLY INCOME (BORROWER) >> The total amount the borrower earns per month, before any expenses are deducted.

GROSS RENTAL INCOME >> The monthly rental income received before mortgage payments, taxes and insurance are deducted.