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

Category: A

AVOIDING

When minimal assertiveness is used to handle a conflict. Each party tends to stay away from the other.

ATTRIBUTION THEORY

The idea that people understand their environment based on percieved cause an effect relationships. Their own behaviors are used to determing future ones based on the cause.

ADDRESS OF RECORD

The permanent address of an individual or organization. Refer to registered office.

ADMINISTRATOR’S DEED

When a property is given to the next of kin by way of a deed to the property. The holder of the deed owns the property.

ADVERSE DEVELOPMENT COVER

A FINITE INSURANCE CONTRACT where the INSURED shifts the timing of losses that have already occurred, as well as those that have been INCURRED BUT NOT YET REPORTED, to the INSURER. In

AESTHETIC

A beautiful image or element. It usually has darwinistic symmetry.

AGE SETBACK

Assuming women live longer than men. This means they will pay more premiums and thusly a discount is given for this.

AGENCY RISK

The loss that occurs when an agent abuses power to benefit themselves. AKA agency cost.

AGGREGATOR

A party that organizes things in to similar groups.

AJUSTABONOS

[SPN] Mediumterm INFLATIONLINKED SECURITIES, issued by the Mexican government, which pay a regular fixed COUPON and adjust the PRINCIPAL every quarter based on the movement of the Mexican CONSUMER PRICE INDEX. The

ALL COMMODITY RATE

A load rate that uses actual costs of transportation. I applies to many shipments and is moved on only one mode of transportation.

ALLODIAL SYSTEM

A system that monitors real estate in the US. The only limitations are set by the government, police, and taxes.

ALTERNATIVE DISPUTE RESOLUTION

When a resolution to a dispute is sought out of court. The processes of arbitration, conciliation, and possession proceedings are alternates for the court system. This is a voluntary choice and a

AMAZON

An online shopping site that is very popular. It has books, electronics, music, furniture, and clothes. The user can buy an item from another user like ebay. It was started in 1995

AMERICAN STOCK EXCHANGE (AMEX)

The second biggest stock market in the US. It’s in downtown manhattan. Small and mid size companies are on the market. Foreign securities are also on the market. AKA curb exchange and

ANALOG

1. an occurance that has varied activity. 2. anything that looks like like an original item.

ANNUALAGGREGATE LIMIT

The maximum amount that an INSURANCE contract will pay in settlements to an INSURED over a 12month period, regardless of the number of CLAIMS submitted.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.