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.

AMENITIES

Extra features to make something appear more desirable or to make something seem more valuable than it is.

AMERICAN JOBS CREATION ACT OF 2004

A law signed October 22, 2004 that gives businesses and farmers investors tax breaks. A new credit was made for manufacturers, S corp rule changes, international tax, repealed the FSC/ETI, and boosted

AMORTIZED

Liquidating regular payments at an interval over a specific period of time.

ANCILLARY GUARANTY

A bond where the guarantor is a cosigner of a contract. They have more rights and can challenge payment demands. They are illegal in the US but common in the UK. AKA

ANNUITIZE

1. converting the value in an annuity into payments periodically made. 2. to start to get payments periodically from an acuity contract.

ANTIMICROBIAL

Any chemical or physical agent that kills microorganisms. It can be an antibiotic, antiseptic or disinfectant. AKA germicidal.

APARTMENT BUILDING

A building that several people live in with a common entrance and hallway. Shops may be located on the ground floor.

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