Top definition
A common practice of selling firearms in an informal setting without submitting the purchaser to a background check. Surprisingly, it is perfectly legal in most places for rifles and shotguns but handguns are usually prohibited (considering statistics, rifles and shotguns are used in a small percentage of crime).

GMH makes purchasing old or used guns at shows or flea markets a breeze. However, you must always fill out paperwork to purchase new firearms from a dealer.
Gun Money Handshake:
Guy: Wow, M1 Garands! How much for this one?

Old Guy: $800 please.

Guy: <pays> Here you go.

Old Guy: Pleasure doing business.

Background check:
Guy: Cool, the new Bushmaster ACR! I'll take it!

Dealer: Have a seat and fill out this paperwork, please.

<15 mins>

Dealer: <calls insta-check hotline, guy is clear> That'll be $2,715.34 with tax and $20 transfer fee.

Guy: <pays>

Dealer: Pleasure doing business.
by PinkPanzer November 26, 2011
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