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

Category: A

ADJUSTMENT INCOME

A policy that affords a living to the inheritor in the event of the death of the insured until the inheritor can maintain a living on their own.

ADVANCE/DECLINE LINE (A/D OR AD)

A lined that is placed on a graph based on the advance decline ratio. The change in price traded is placed over time to determing placement of the line. Refer to advance

ADVERTISE

Buying an advertisement to get new customers or improve relations with the old customers.

AFTERNOON DRIVE

The prime radio times to advertise. They are from 3-7 pm and 6-10 am.

AGENCY COSTS

Direct and indirect costs arising from the separation of ownership (i.e., COMMON STOCK shareholders) and control (i.e., DIRECTORS and managers) that ultimately lead to a reduction in ENTERPRISE VALUE. Agency costs can

AIDA SELLING SYSTEM

Stands for Attention Interest Desire and Action. It is used to train employees. The employee must make a customer aware of the product, nurture interest shown, push the product, and encourge the

AIR/SEA

Any trip that takes both land and sea travel means.

ALIQUOT

A part of a whole numerically. This is a fraction.

ALL TIME ORDER

An order for a good thats in its last stage and is going to be discontinued. The order must be big enough to satisfy demand.AKA life of type order.

ALTERNATIVE RISK TRANSFER (ART)

A product, channel, or solution that transfers RISK exposures between the INSURANCE and REINSURANCE sectors and the CAPITAL MARKETS in order to achieve specific RISK MANAGEMENT goals. As a result of regulatory

AMERICAN BUSINESS CONFERENCE (ABC)

A party that lobbies for any midsize businesses. They promote growth and create a higher standard of living for the american businesses they represent. It has executives of participating companies on the

AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI)

Any US nongovernment group that manages standards for the US industry system. Academics, special interest groups, users, and vendors use this as a forum to set standards. Its a voluntary position but

AMOUNT REALIZED

The actual amount a good or service is sold for. Or a fair market value that an exchange costs. It is used for tax purposes.

ANESTHETIC

A drug that causes loss of sensation. This loss can be total or partial. If overexposed side effects can occur and even death in severe cases.

ANOMALY

1. any thing different from the norm expected. 2. any physical abnormality.

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.

APPLICATION PROGRAM

A program that is complete and performs its task but does not perform maintenance. The slang term for this is an app. AKA application software.

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