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

Category: A

AUTO SALES

When auto manufacturers make a report of the montly sales. It shows how well the market is doing and are seasonally adjusted. The stock market may use this to curb spending habits.

AVOIDABLE COST

To avoid a variable cost by taking a specific action. A fixed cost is not avoidable.

ADJUSTER

Also known as an adjustor, an employee of an insurance firm who examines a specific claim to determine the cost to the firm.

ADVERSE WITNESS

A witness who gives negative evidence against the party who called them as a witness. Refer to hostile witness.

AFTERMARKET

The second hand market for parts to maintain equipment. Some are very large. AKA replacement market or secondary market.

AGENCY COST VIEW

A report describing the agency costs. The cost is usually incermental. If a client is in debt the cost is very low.

AGENT PROVOCATEUR

When one party convinces another to commit a crime getting that person arrested as well. Similar to accomplice.

AID PACKAGING

Arranging the funds of a project so that more than one source of financing can be used.

AIR WAYBILL (AWB)

A bill that is a receipt of goods and a contract to ship by air the goods. The terms and conditions are listed on it as well as a list of the

ALIGNMENT

1. connecting an employees goals with the companies. The employees must know the reasons for the goal and meet objectives to get the incentive. 2.placing text in a margin. The left alignment

ALL THE TRAFFIC WILL BEAR

An excessive charge that is still within the customers pay range. This makes the price as high as is possible without going past a predetermined limit.

ALTERNATIVE ORDER

When buying and selling through an agent and one choice cancels another one out. They can either sell or buy but not do both. AKA either or order and one cancels the

AMERICAN BREAKFAST

When a hotel offers breakfast. It includes 2 eggs, bacon or sausage, bread or toast, jelly, butter, pancakes, cereal, coffee, tea, and juice. AKA american style breakfast. Refer to continental breakfast and

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