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

Category: A

APPLETON RULE

In New York every insurer must comply with the New York codes. If they aer from another state they must still follow New York rules.

APPLICATIONS (APPS)

A program whose base is in software or the web that is an interface for a task. They can be on a hard drive, the internet, or through a smart phone.

ARBITRAGE

An investment strategy involving the simultaneous purchase and sale of two ASSETS in order to capitalize on small price or rate discrepancies. The intent of the strategy is to generate a profit

ARIMA MODEL

Refer to autoregressive integrated moving average model.

ARSENIC

A metal toxic to humans that causes skin cancer, lung cancer, peripheral vascular disease, and liver damages. It is used for gun shot and semiconductors.

ASSET/EQUITY RATIO

The amount of revenue a company has. The total revenue and the amount a shareholder gets is used to reach this ratio.

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.

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