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

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AVOCATION

A hobby that a person likes to do when they are not working.

ATTRIBUTION RULES

How canada prevents investors from skipping out on taxes. Transfering assets to poorer family members is forbidden.

ASSESSMENT RATIO

The way assessed value and market value are linked. It is used for tax purposes.

ADD-ON LOAN

A lending agreement that adds interest to the interest and uses returns to pay interest. It causes the interest rate to be higher and must be agreed to at contract signing.

ADVERSARY SYSTEM

The court system where a judge decides on a case argued by a prosecutor who is suing the plaintiff and the defense attorney who defends their plaintiff. A jury has also been

ADWARE

Software added to other software to display ads. It is a threat to the user and leads to hacking. It is installed without the users knowledge. Software has been made to prevent

AGGRAVATING CIRCUMSTANCE

A condition that makes the accused more liable. The more severe punishment is given to cases with brutality. Refer to mitigating circumstance.

ALLIN COST

The total price that has explicit, implied, paid, and incurred costs in it.

ALTERNATE BENEFICIARY

A party as a back up to a beneficiary. They will get any inheritance. Insurance uses it as well. It is more common in real estate or personal property.

ALTMAN ZSCORE

Edward Altman’s way to file bankruptcy. It measures how well a party can pay debts and prevent insolvency.

AMERICAN SHARES

A certificate representing claims on foreign equities. They are issued by the US through a transfer agent. The agent works on behalf of the issuer.

ANAEROBES

Any life form that doesnt need oxygen to live.

ANNUAL CLEANUP

When the borrower must have a zero balance with the company for 3.060 days. It is not common anymore and is not necessary for a secured line of credit.

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