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

Category: A

APTITUDE

Having an ability to learn new skills. Interest in what is being taught or trained is important.

AREA OF MUTUAL INTEREST (AMI)

When a piece of land has many oil and gas companies that own it. A contract is made to establish percentage owned and how long the current contract is valid.

ARREST

To keep a person in lawful custody. A warrant, crime, or statute can authorize this.

A-SHARE

This share of stock features rental rights but no control rights over the company. The lack of authority generally provides a discount in price

ASYNCHRONOUS TRANSMISSION

When data is sent through signals in spruts spaced at different times. A starbit is used to seperate data and an endbit is used close it. It is used on phones.

AUCTION RING

Buyers that work together on an auction to keep prices low. The simply don’t bid against eachother. The items bought are reauctioned privately and profits are shared among members. It is illegal

AUTARKY

An economic system without any external trade, or one where trade is reduced or eliminated through barriers and quotas.

AUTOFLAMMABLE

Any substance that catches fire with no help making a spark.

AUTOMOBILE EMISSIONS

The exhaust from engines that has carbon dioxide, cabon monoxide, lead, nitrogen oxide, hydrocarbons, and water. These pollutants are reduced by using unleaded fuel and catalytic converters.

AVERAGE WITHOUT PERCENTAGE

The broadest marine coverage that pays partial or total loss. The amount is paid in full no matter the average.

ATTRIBUTES DATA

Data that represents units. It is used to show the amount of that unit that is owned and how it responds to a variable.

ADD-ON

A NEW ISSUE of COMMON STOCK for a company that has already completed an INITIAL PUBLIC OFFERING. The addon increases the issuer

ADVERGAME

A video game with advertisements in it. Some games sole purpose is to advertise. Other times a sponsor is advertised. The internet has helped raise this type of advertisement.

ADVISORY BOARD OF DIRECTORS

Parties in a company appointed to advise on a borad of directors. They are not legally responsible for what happens or are they elected.

AGENT’S TORT

The nonagent party is liable for their agent’s actions. This is for normal day to day business.

AIR CARGO

Any good that gets to its destination by air. The incorrect term for it is air freight.

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