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

Category: A

ATMOSPHERICS

When a retail store has displays, smells, and environmental elements to influence mood.

AUDIT SCOPE

The activities in a period of time that are being audited.

AUTHORITARIAN PERSONALITY

When a person becomes too attached to ideas of power. They can be rigid, prejudice, and act like a tyrant. If the person encounters a weaker party this is especially present.

AUTOMATIC

A way of doing things that is programmed to happen at specific times.

AUTONOMIC LAW

A rule that it held by a private entity. It could be a corporation or a university.

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.

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