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golden handshake.A generous compensation package offered to an employee, usu. as an inducement to retire or upon dismissal. [Blacks Law 8th]

golden handcuffs.Remuneration set at such a high level that the employee earning it cannot leave the firm or company and receive commensurate pay elsewhere. • As a result, the employee often stays in the position even if it is otherwise unrewarding or unpleasant. [Blacks Law 8th]

gold clause.A provision calling for payment in gold. • Gold clauses, which are now void, were once used in contracts, bonds, and mortgages. [Blacks Law 8th]

gold bond.See BOND(3). [Blacks Law 8th]

going witness.See WITNESS. [Blacks Law 8th]

going value.See going-concern value under VALUE(2). [Blacks Law 8th]

going to the country.Hist. The act of requesting a jury trial. • A defendant was said to be “going to the country” by concluding a pleading with the phrase “and of this he puts himself upon the country.” Similarly, a plaintiff would conclude a pleading with the phrase “and this the plaintiff prays may be…

going through the bar.Hist. A daily process in which the court would ask all barristers present whether they had motions to present. • This practice, which ended in 1873, was conducted according to seniority, except for the last day of a term, when the junior barristers were asked first. [Blacks Law 8th]

going public.The process of a company’s selling stock to the investing public for the first time (after filing a registration statement under applicable securities laws), thereby becoming a public corporation. [Cases: Securities Regulation 11.10–11.14. C.J.S. Securities Regulation §§ 8, 35–39, 45, 63.] [Blacks Law 8th]

going private.The process of changing a public corporation into a close corporation by terminating the corporation’s status with the SEC as a publicly held corporation and by having its outstanding publicly held shares acquired by a single shareholder or a small group. [Cases: Securities Regulation 60.23.] [Blacks Law 8th]