guap - (gwa'p), n - a considerable amount of money, most often cash, indicating a high degree of purchasing power for fast-depreciation consumer items such as luxury cars and electronics.
by JC Loki March 27, 2007

"shorty see tha drop ask me what I paid and I say yeah
I paid a guap and then I hit da switch that take away the top"~Mims(Why im hot)
I paid a guap and then I hit da switch that take away the top"~Mims(Why im hot)
by Amina March 27, 2007

by Converss January 22, 2013

by Wizmasta December 29, 2008

Generally Unaccepted Accounting Principles, the opposite of GAAP (Generally Accepted Accounting Principles)
If a company decides to do anything that is not GAAP, like managing earnings, they would be following GUAP.
Auditor: They didn't accrue for bad debts so their income is overstated a material amount, that is some serious GUAP!
Auditor: They didn't accrue for bad debts so their income is overstated a material amount, that is some serious GUAP!
by HB Clone August 2, 2011

by Jim Jam November 15, 2005
