The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: A

At Fault

Regarding auto insurance, a driver whose conduct is held legally responsible for causing an accident.

Anti-Theft Device

A range of technologies intended to deter auto theft, such as a car alarm. Equipping vehicles with anti-theft devices often lead to a discount on insurance premiums.

Anti-Lock Brake System (ABS)

The onboard system controlled by a vehicle’s computer that assists the manual braking system, helping a driver safely stop or slow a vehicle without skidding or losing control.

Agreed Value

Concerning auto insurance, the amount the policyholder and the insurance company decide will be paid in the event of an accident that results in a total loss of the insured vehicle.

Agreed Cost

Regarding auto insurance, the price agreed to by the claimant’s chosen auto repair shop and the insurance adjuster to complete the work necessary to fix the damage to a vehicle.

Additional Interest Insured

Concerning auto insurance, a party, such as a lienholder, who does not necessarily use the vehicle, but may nonetheless be named as an Additional Interest Insured and held liable for an accident involving

Accident Forgiveness

A form of optional auto insurance coverage wherein the insurer waves its right to increase the rate of the policyholder at fault of an accident.

AQUATIC RIGHTS

These are the rights that apply to people to use rivers, lakes and the sea for the purposes of fishing, pleasurable pursuits and navigation.

ALLOCABLE

This term applies to the breaking down of a lump sum of money and distributing it into several parts. It is often used when business accounts are analysis.

ABROGATION

The action of repealing a law, an annulment, or cancelling an existing statute or agreement.

ACT OF HONOR

Is done by a third party not involved in the bill, who then agrees to honour the bill. This transaction is known as an act of honour.

ALTER EGO DOCTRINE

This the doctrine that treats a corporation and those who own its stock to be identical. It is applied with no regard to the corporate entity in order to further justice.

ANNUAL DEPRECIATION

the computation done yearly on the decreasing value of a property that is based on the estimated life of the property.

ATTORNEY (ATTORNEY AT LAW)

This term applies to a lawyer, council, a member of the bar and an officer of the courts who is engaged by a client to represent them and try a case.

ALIENIST

This term applies to psychiatrists. In all legal matters, an alienist is often called upon to testify to the defendant’s mental condition.

AMBULANCE CHASER

the term used to describe the attorney with a dubious reputation who solicits his clients from the victims of accidents. See indirect solicitation.

AGENCY BY OPERATION OF LAW

an agency that exists because it will conform to prevalent law that is not because of an agreement between the agent and the principal.

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