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

Category: A

AUCTION RATE BOND

A bond with no taxes paying a varying interest rate decided by a dutch auction.

AUSTRIAN SCHOOL OF ECONOMICS

The idea that human effort must be driven through personal judgement not external force such as a government agency. Freedom, abolishing central banks, returning to the gold standard, no more bank deposit

AUTOCRAT

A leader that takes control without being appointed. This is used in a government called autocracy. They are sometimes called a dictator or despot. The decisions made do not reflect the populations

AVAILABLE BALANCE

The amount of money in an account that is able to be used. AKA available funds.

ASSESSABLE INSURANCE

Insurance when a premium rate that uses possible future rate hikes to have a higher payment. AKA assessment insurance.

ASSESSABLE SECURITY

A security that is payable on a further call. The UK calls this a partly paid security.

ADD-ON

A NEW ISSUE of COMMON STOCK for a company that has already completed an INITIAL PUBLIC OFFERING. The addon increases the issuer

ADVERGAME

A video game with advertisements in it. Some games sole purpose is to advertise. Other times a sponsor is advertised. The internet has helped raise this type of advertisement.

ADVISORY BOARD OF DIRECTORS

Parties in a company appointed to advise on a borad of directors. They are not legally responsible for what happens or are they elected.

AGENT’S TORT

The nonagent party is liable for their agent’s actions. This is for normal day to day business.

AIR CARGO

Any good that gets to its destination by air. The incorrect term for it is air freight.

AIRPLAY

When a record is played in radio or TV. The more it is played the more popular the record is.

ALKALOSIS

When body fluids and tissues become more alkaline than usual. It is caused by acid alkali level regulators failing in the blood stream.

ALLERGY

A medical condition caused by allergens or an allergic reaction.

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