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

Category: A

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.

AGENT AD LITEM

When one party represents another in court when they cannot be there.

ALIEN

A non resident of the country they live in.

ALL PURPOSE STATEMENT

A report that fits requirement of readers. The readers can be creditors or company members just to name two. It is filed with all purpose statements.

ALPHA

1. in the UK a classification of london stocks on the stock exchange in a normal market. 2. in the US it measures the change in prices of stocks in the market.

ALTERNATIVE MEDIA

Advertising opportunities not in the standard list. They can be fliers, handouts, super market videos, and the phone book.

AMERICAN MANAGEMENT ASSOCIATION (AMA)

A nonprofit that manages personnel education and training to improve employee skills. It was founded in the early 1900s in New York, NY. Managers get training in seminars, conferences, online courses, books,

AMOUNT AT RISK

In INSURANCE, the lesser of a POLICY CAP on a contract and the MAXIMUM PROBABLE LOSS to the INSURED. INSURERS use amount at risk to estimate potential losses within their PORTFOLIOS.

AND

An operater that finds records if it has all the words specified in the search. Refer to not and or.

ANNULMENT

When an event or judgment is treated as if it never happened.

APEX FARE

It stands for advance purchase excursion fare. Its plane faire with a discount because it was bought 21 days before, the departures are less than 6 weeks apart, and there are no

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