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

Category: A

ARCHIVE

1. Backing up files on a computer. Refer to archives. 2. To store documents for long term use. 3. The archives building.

ARRANGEMENT

When a debtor and creditor make an agreement about repayment or a debt.

ASTERISK

The star symbol that indicates a foot note or end note has additional information. Refer to star paging.

ATTORNEYATLAW

A party qualified to practice law in their jurisdiction. AKA attorney. Refer to advocate, barrister, counsel, lawyer, and queen’s counsel.

AUSTERITY BUDGET

When a budget is decided by the government to reduce deficit. The goal is to cut comsumer spending.

AUTOMATICALLY

1. to use an automated system to perform a function. 2. to act without thinking. Like a reflex.

AVAILABILITY BIAS

When decision makers choose based on a personal experience rather than facts. The reaction is emotional.

AVOIDANCE OF CONTRACT

Cancelling a contract when it cannot be continued or is no longer profitable. The parties are released from their agreements.

ADDITIVE

An agent that works with another to add to an effect.

ADJUSTMENT INCOME

A policy that affords a living to the inheritor in the event of the death of the insured until the inheritor can maintain a living on their own.

ADVANCE/DECLINE LINE (A/D OR AD)

A lined that is placed on a graph based on the advance decline ratio. The change in price traded is placed over time to determing placement of the line. Refer to advance

ADVERTISE

Buying an advertisement to get new customers or improve relations with the old customers.

AFTERNOON DRIVE

The prime radio times to advertise. They are from 3-7 pm and 6-10 am.

AGENCY COSTS

Direct and indirect costs arising from the separation of ownership (i.e., COMMON STOCK shareholders) and control (i.e., DIRECTORS and managers) that ultimately lead to a reduction in ENTERPRISE VALUE. Agency costs can

AIDA SELLING SYSTEM

Stands for Attention Interest Desire and Action. It is used to train employees. The employee must make a customer aware of the product, nurture interest shown, push the product, and encourge the

AIR/SEA

Any trip that takes both land and sea travel means.

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