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

Category: A

ASSESSMENT OF TAX

The tax receiver can assess the liability and get the assessed amount from the tax payer.

ADHOCISM

An organizations management style that doesn’t plan ahead, responding to only urgent situations, and focuses on fire fighting. This is the way the company sets their goals. Refer to adhocracy.

ADSL

Refer to asymmetrical digital subscriber line.

AGENCY BY ESTOPPEL

When an agent is appointed but not officially. AKA presumption of agency. Refer to partnership by estoppel.

AGENCY THEORY

Studying the broker client relationship. It helps get good incentives for both parties. It also reduces disagreements between the two parties.

AGILE ENTERPRISE

A fast growing firm that changes in a market. It keeps itself competitive. Authority is given to departments to speed up information flow.

AIR RIGHTS

The right to control the air space on your property. Reasonable use by neighbors or an aircraft is allowed. It can be bought, leased, sold, and transferred like with any rights.

ALERT

A warnig that suggests a dangerous level has been reached, an accident or disaster has occured, or normal events will be interupted due to repairs and uncontrollable events.

ALL OR NONE (AON)

An order where a broker buys or sells the parts of an order that can be filled. If this does not occur the sale is pending. Canceled orders cannot be filled. AKA

ALLOWANCE METHOD

When a rule is made to cover debts with a percent of profits. Any loss or excess in the next period will taken care of in the next period. The other method

ALTERNATIVE FUTURES

The idea that anything has more than one path it can take in its lifetime. Foresight and decision making change the path.

AMICUS CURIAE

A party that is not involved in litigation but gives expert testimony when the court asks. They can support public interest not being addressed in the trial.

ANCHOR TENANT

The first shopping center that attracts others and the customers associated with them. The rent is lower for this tenant.

ANTIGREENMAIL PROVISION

A clause in a charter that prevents buyback of stockshared for the board of directors. Managers cannot buy back stock at premiums because of greenmail.

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.