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

Category: A

AUDITOR’S OPINION

An auditor’s statement in their reports. The three types are unqualified, qualified, or adverse. The company may have gotten an uncertified auditor that cannot access the information needed. They may have a

AUTHORIZED SETTLEMENT AGENT

A back that can send checks t the federal reserve bank for a debt collection. A clearing house is used. This keeps banks running smoothly.

AUTONOMY PRINCIPLE

A rule that states a credit is not connected to any of its transactions. Refer to abstraction principle.

AVERAGE COST (AVCO) METHOD

The way the cost of inventory is calculated over a period of time. The cost of the goods and the number are used for this.

AWARENESS

How well a brand or company is knows. A target is set to increase sales.

AUTHENTICATION CERTIFICATE

The way access is given for electronic commerce. This digital certificate shows the entity issuing, the entity issued, a serial number, dates, and a digital fingerprint.

ADHOCRACY

The style of an organization that is flexible and can respond to change better. Refer to adhocism.

ADSORPTION

How any non solid substance attaches to a solid substance but does not penetrate it fully.

ADVERSE POSSESSION

When a party claims ownership of a propety they have been in for more than 12 years. It can also be claimed on abandoned property or it can go unchallenged by the

AGENCY BY NECESSITY

When one party makes decisions for another. It is because the other party cannot make the decisions.

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.

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