Abstract
We consider a version of the generalized hypergeometric system introduced by Gelfand, Kapranov and Zelevinsky (GKZ) suited for the case when the underlying lattice is replaced by a finitely generated abelian group. In contrast to the usual GKZ hypergeometric system, the rank of the better behaved GKZ hypergeometric system is always the expected one. We give largely self-contained proofs of many properties of this system. The discussion is intimately related to the study of the variations of Hodge structures of hypersurfaces in algebraic tori.