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

Category: A

ASSET

A financial contract or physical object with value that is owned by an individual, company, or sovereign, which can be used to generate additional value or provide LIQUIDITY. Assets are credits to

ATMOSPHERE

1. the gasses that surround the earth. It is made of nitrogen and oxygen. Trace amounts of argon, carbon dioxide, helium, krypton, methane, neon, sulfur dioxide, water vapor, and xenon are present.

AUDIT EVIDENCE

The grounds an auditor comes to an opinion based on. Tests and documents are used for this.

AUTHORING TOOL

A computer program that lets a user make their own web media and the tools needed to use it.

AUTONOMATION

When machines and operators can work together. The operator gives the machine a human touch. Both automatic and semi automatic processes make it easy for the operator.

AVALIZOR

When a third party becomes a guarantor to make sure a payment is made even if default occurs. It is more common in Europe than in the US.

AVOIDED COST

The cost saved by buying resale instead of building a new plant. The capital cost and operating cost of the plant are considered.

ASSESSED VALUE

Real estate value that government assessors use for taxes and court damages. This is not appraisal value.

ADDRESS FOR SERVICE

An address that is given to deliver legal documents. If the document is delivered to that address its considered delivered to the party.

AEROSOL

Super fine liqid drops like fogs and smoke. They can be naturally occuring or man made. Climate changes can occur as well. Or a dispenser of products that cannot be refilled. A

AGENCY PROBLEM

When an abuse of power is used to benefit the agent not the company.

AGGREGATE PLANNING

planning for 3 to 18 months only. Manufacturers use this to reduce mixing input in products.

AIR POLLUTANT

A substance in air that can harm in a high concentration. They can be solid, liquid, or gas. They are in two groups. The first group comes from an identified group. The

AIRTIME

1. the time and date an ad is to be shown. 2.the time slot that the company is billed for. 3. the time a cell phone call takes that is used to

ALL CHANNEL SALES

The number of sales in a period of time. Its used to get the product out in the market.

ALLOCATE

To spread costs or loss over more than one accounting period. Or to charge the loss to many activities and departments.

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