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

Category: A

ARTICLE XII COMPANY

A company that does international banking. It is chartered under article XII in New York bank laws. They do not own equity and cannot accept deposits in New York.

AUDITEE

The business or individual that is being audited.

AUTHORIZATION

1.how a party is verified when they start a transaction. 2. giving or denying access to a user based on their autheniciation and authorization.

AUTOMATIC CLEARINGHOUSE (ACH)

In the United States a national ELECTRONIC FUNDS TRANSFER network that clears and settles recurring payments between financial institutions, as well as debits and credits generated through businesstobusiness commerce and trade transactions.

AVERAGE CHART

A chart that uses subgroup averages to decide the stability of a process.

AWARD

1. To take a bid for a contract. 2. a written decision for court that must be followed.

ADEQUACY

Being legally able to complete a requirement.

ADMISSIONS

Allowing another party to enter an agreement. Or acknowledging the truth of a statement of evidence.

ADVERSE EFFECT

A negative effect caused by environmental factors. This occurs when the body reacts unfavorably to a sudden change.

AFFIDAVIT OF LOSS

The document that identifies loss of a security. It can be stolen or simply destroyed. The details of the loss are on the document and once made a replacement can be requested.

AGENCY SECURITY

In the United States, NOTES or BONDS issued by governmentsponsored or governmentguaranteed institutions (e.g., FEDERAL NATIONAL MORTGAGE ASSOCIATION, GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, FEDERAL HOME LOAN MORTGAGE CORPORATION). The securities carry explicit or

AGGREGATOR MODEL

Ecommerce model that takes information from several similar websites. This helps design a site that will attract customers. Refer to affiliate model.

AIR PORTABLE

Any cargo on an aircraft that requires minor assembling.

ALARM

The presence of danger being notified to the public near it.

ALL HOLDERS’ RULE

A rule that doesn’t allow a public offer to be made on a new issue before the shareholders get to make their offers.

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