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stands for: Grazing Area Above Penis
Mike: Dude, Ivik, my GAAP feels like a rusty penny.
Ivik: Oh man I hate when that happens. Its almost worse than an itchy asshole..
Mike: Oh I know it roach. Itchy asshole def sucks a lot, but an itchy GAAP seriously feels worse than getting punched in the spleen by Liam.
Ivik: Liam
Mike: Scotch on the rocks with a lemony twist...
Ivik: Made by Liam
Mike: Let's party DANIIIDE with Crane and our itchy GAAPS.
Ivik: And snuggies
GAAP by trotis January 20, 2009
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stands for: Generally Accepted Accounting Practices
Anyone who works in accounting follows the GAAP
gaap by KingdomGone February 4, 2007
Related Words
Collective noun: All of the people; the general public; "they"
Gaap flock to the supermarket every Saturday morning at exactly 10am.
Gaap by Wim Wheed August 29, 2011
Potential hire: What’s the policy on PTO?
Hiring manager : We have implemented the GAAP. Take whatever time you need as long as your work I’d done.
GAAP by mlrtime August 13, 2020
GAAP stands for Generally Accepted Accounting Principles. These are a set of accounting principles for financial reporting. The purpose of this set of rules and standards is; to ensure that financial reporting is clear and consistent from one organization to various agencies/companies.
As a financial controller, I ensure that the company's books and reports are in compliance of US General Accepted Accounting Principles to ensure that all of our quarterly and end of the year fiscal reports are consistent and true. This also helps drives external and internal stakeholders' trust with us. With quarterly reports that are consistent with US GAAP, we can ensure that our company moves in the proper direction that keeps our company's financial health in check and also for our customers as well.
US GAAP by Abdavison November 1, 2021

Gaapallwe 

Gaapallwe is a name given to those who care for others and are loyal. They are beautiful in their own way and they know how to cheer you up. They are loving, funny in their own way, they are also very considerate and caring.
Gaapallwe sure knows how to cheer me up
Gaapallwe by Happy.me February 3, 2019
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.

Man, I just watched the funniest nutshot video ever.
Nutshot by Uberflaven March 1, 2009
Word of the Day on June 26, 2026