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

Category: A

AGENDA

The order of items discussed in a meeting. The topics must be listed, past knowledge must be heard, and the outcome must be guessed.

AGING

The slow process that changes physical agencies for either the better or the worse.

AIR SPACE

1. space above property included in the properties title. Refer to air rights. 2. the space above any state that is under its jurisdiction.

ALIASING

When the analg to digital conversion is too slow and causes data distortion. It can be a sound flutter or video that has jagged edges. A filter or super sampling can prevent

ALL OTHER LIKE PERILS

Insurance that covers all possible risks even ones not named in a policy. Aka all other perils and misfortunes.

ALONGSIDE

In shipping its the side of the ship the inventory is placed on. Items are placed within crane reach or on the dock.

AMBIT CLAIM

When an arbitrage authority considered a claim to be exaggerated. A compromise will be made.

AMORTIZATION SCHEDULE

A chart illustrating monthly payment breakdowns. Interest, principal, and declining principal over the life of a loan.

ANCHORING BIAS

Basing judgment on a situation that has nothing to do with the current issue.

ANTILAPSE STATUTE

A rule that is used when heirs can take ownership based on what they were told when a will is not made. This rule makes sure that the property gets to who

APACHE

An open source or public web software that is improved continually by volunteer programers. Its the most popular software and works with linux, unix, and windows.

APPRECIATION

When an asset’s value increases due to improvements or additions.

ARCHANGEL

A strong angel investor with a successful history in investment. A consultant kept by angels to research and present opportunities.

ARMA MODEL

Refer to autoregressive moving average (ARMA) model.

AS IS

A clause stating that an item is bought with no warranty. The buyer takes the item as it is with any apparent or nonapparent faults.

ASSOCIATE COMPANY

A firm that another firm controls. At least 20% of shares are usually used for this. The directories are interlocked to make sure a common policy and similiar objectives are in place.

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