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

Category: A

AMERICAN EXPRESS

A corporation that issues credit cards to people worldwide. It also has travel programs and privileges for being a member. Many cards are offered to meet the customers needs. It was founded

AMERICANS WITH DISABILITIES ACT (ADA)

Laws that cover civil rights to disabled individuals. They get equal facilities, opportunities, access, accomodations, buildings, communications, and transportation.

ANALYZE

Taking a single item and figuring out reasons for differences in the numbers.

ANNUALIZED INCOME

Adjusted income or return based on annual performance. AKA annualized return.

ANTIGLOBALIZATION

An economic movement that is not fond of capitalism or globalization. They feel that an individual can reach goals without the negative effects of capitalism. The emphasis is on economic efficiency and

ANYTOANY DISTRIBUTED COMPUTING

The structure of an online market that computers use to communicate with other computer systems. Logical connections are made rather than wired ones.

APPRAISAL CLAUSE

In property insurance the insured or insurer can demand an appraisal for property damaged to justify a claim.

ARC FURNACE

A furnace that creates heat with electric current. Metal scrap or electrodes are used in this proces.

ARITHMETIC PROGRESSION

A numeric sequence with the difference between the numbers being the same. Refer to geometric progression.

ARTIFICIAL PERSON

A nonhuman entity that is created by law and is legally different owning its own rights and duties. AKA jusistic person and legal person. Refer to body corporate.

ASSIMILATION

Buying the whole new issue by public buyers. If underwriters do this its called absorption.

ATTACK

1. to make good on a threat. Refer to aggression and assault. 2. when a hacker gets into your computer to damage it. Refer to active attack.

AUTHORIZATION CODE

A code that is used to complete a transaction. It authenticates the user has done the transaction.

AUTOMATIC COVER

Insurance that extends a policy for a period of time for a certain amount. It helps to cover the changes in market value or a new asset.

AUTONOMOUS WORK GROUP

A group of employees that work on the same project. Each member has great responsibility for their part of the project. The project succeeds if all parties perform their tasks correctly.

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