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

Category: A

ALIEN INSURER

In the United States, an INSURER formed on the basis of the legal requirements of a country other than the United States. In order to qualify to write INSURANCE in the United

ALL RISKS INSURANCE

A policy that covers all risk except bad packaging, delay, inherent vice, or loss of market just to name a few. Risks listed in the policy are the ones that are not

ALPHA TEST

Testing done in company of a model. It establishes flaws to come or deficiencies. Refer to beta test.

ALTERNATIVE MEDIA

Advertising opportunities not in the standard list. They can be fliers, handouts, super market videos, and the phone book.

AMERICAN MANAGEMENT ASSOCIATION (AMA)

A nonprofit that manages personnel education and training to improve employee skills. It was founded in the early 1900s in New York, NY. Managers get training in seminars, conferences, online courses, books,

AMOUNT AT RISK

In INSURANCE, the lesser of a POLICY CAP on a contract and the MAXIMUM PROBABLE LOSS to the INSURED. INSURERS use amount at risk to estimate potential losses within their PORTFOLIOS.

AND

An operater that finds records if it has all the words specified in the search. Refer to not and or.

ANNULMENT

When an event or judgment is treated as if it never happened.

APEX FARE

It stands for advance purchase excursion fare. Its plane faire with a discount because it was bought 21 days before, the departures are less than 6 weeks apart, and there are no

APPROPRIATENESS

Acting appropriately or fitting the requirements that are asked of a party.

ARCHIPELAGO

1. A group of islands in the same body of water that are scattered far apart from eachother. They are part of a land mass near them. 2. An etrading firm from

ARMS INDEX

When adcance decline ratio and upside downside ratios are compared to get the markets strength. A moving average is used for 4 to 55 days depending on the time being analyzed. A

ATTITUDE

The choice to be positive or negative about a certain idea. It affects a persons action, responses, and rewards.

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