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

Category: A

ANNUALIZED HOURS

Calculating the work time by year. It is used to accomodate seasonal variations in employment.

ANTIDUMPING DUTY

A form of protection local companies from foreign competition by charging a penalty when the merchandise is underpriced.

ANYOCCUPATION POLICY

An idea that defines disability in respect to insurance and those who are not able to work anymore. The person can get benefits only if they remain disabled.

APPRAISAL

1. an evaluation done to determine an items worth. 2. when an appraiser assesses market value, estimates damage, and determines loss. It is written and effects the value of the property. AKA

ARC

A discharge of electricity over a space with two electrodes.

ARTICLE XII COMPANY

A company that does international banking. It is chartered under article XII in New York bank laws. They do not own equity and cannot accept deposits in New York.

AUDITEE

The business or individual that is being audited.

AUTHORIZATION

1.how a party is verified when they start a transaction. 2. giving or denying access to a user based on their autheniciation and authorization.

AUTOMATIC CLEARINGHOUSE (ACH)

In the United States a national ELECTRONIC FUNDS TRANSFER network that clears and settles recurring payments between financial institutions, as well as debits and credits generated through businesstobusiness commerce and trade transactions.

AVERAGE CHART

A chart that uses subgroup averages to decide the stability of a process.

AWARD

1. To take a bid for a contract. 2. a written decision for court that must be followed.

ADEQUACY

Being legally able to complete a requirement.

ADMISSIONS

Allowing another party to enter an agreement. Or acknowledging the truth of a statement of evidence.

ADVERSE EFFECT

A negative effect caused by environmental factors. This occurs when the body reacts unfavorably to a sudden change.

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