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

Category: A

APARTMENT BUILDING

A building that several people live in with a common entrance and hallway. Shops may be located on the ground floor.

APPROPRIABILITY

When an item or skill can be learned or copied and can be reused elsewhere.

ARCHIE

A program that searches files in FTP over the internet. Every download is tracked.

AS OF DATE

1. payment terms on an invoice that require repayment on a different date than the creation of said invoice. 2. the date when an aggreement becomes official. 3. date when data is

ASSOCIATED

1. to be connected to another party or business. 2. when molecules are held together by a common bond.

AUGMENTED PRODUCT

A product that has products added to it to make more than one stream for revenue. Refer to agile product.

AUTO COVERAGE

Coverage for a vehicle that is used on public roads. Trailers are also covered.

AUTOMATIC PREMIUM LOAN CLAUSE

When an loan based on cash surrender value is taken out to cover life insurance premuims. It prevents loss and past due status.

AVERAGE INDUSTRIAL WAGE

1. A party given access to make security, financial, and operations decisions. 2. the hourly rate an employee is paid. Farmers do not pay this way. This becomes the benchmark pay per

ADJOINING ROOMS

Rooms in a hotel that have no connecting passages but are next to each other.

ADVANCE AGAINST COLLECTION

A bank loan that is short term given to an exporter or seller. It is paid when the buyer pays for the shipment. The bank can take their money out at that

ADVERSE SELECTION

When an insurance company covers someone who is lieing about a preexisting condition. The policy harms the company that took the application. AKA antiselection.

AFFORDABILITY

When an acquisition is analyzed and is deemed to be worth the resources it takes to manage it.

AGENCY CAPTIVE

A CAPTIVE, owned by one or more INSURANCE AGENTS, which is used to write insurance cover for a large number of third party clients. See also GROUP CAPTIVE, PROTECTED CELL COMPANY,PURE CAPTIVE,

AGENT BANK

A BANK forming part of a SYNDICATE arranging a LOAN for a borrower that is responsible for protecting the interests of all other syndicate banks. The lead bank arranging the loan is

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