The Law Dictionary

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

Category: A

ANNUAL SALES CHANGE

A companies yearly sales change due to market behaviors. Or a readjustment of original sales prices on a statement.

ANNUITY DATE

When the first payment is due to the annuitant or benificiary.

ANTI-TRUST

Policies and regulations that restrict the formation of OLIGOPOLY or MONOPOLY power in order to promote free market competition.

APOLOGY

A public plea for forgiveness to undo some damage. A payment or offer can also make ammend by publishing correct information and renouncing previous claims.

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 FURNACE

A furnace that creates heat with electric current. Metal scrap or electrodes are used in this proces.

ARCHIVE

1. Backing up files on a computer. Refer to archives. 2. To store documents for long term use. 3. The archives building.

ARM’SLENGTH PRINCIPLE

The transaction is completed for commercial reasons with no advantages or accomodations for either party.

ARTIFICIAL LIFE

A computerized practice run of a real life even. Refer to cellular automata.

ASCII ARMORED

A standard of email code exchanges. The ascii code is used to protect privacy.

ASSESSABLE SECURITY

A security that is payable on a further call. The UK calls this a partly paid security.

ASSET IMPAIRMENT ACCOUNTING

The way accountants estimate total profits on an asset over at least 20 years. This is compared to the book value and gain or loss is posted based on any difference.

ASSET SWAP

Exchanging one type of an asset for another to get better asset liability matching.

ASSIGNMENT OF RENTS

When a lender directly gets payments for a loan from the property mortgaged in the case of default.

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.