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

Category: A

APPLIED COST

A cost that an activity or product incurs in overhead. It may or may not be based on the actual cost.

ART PAPER

A paper coated in clay that creates more lifelike color and detail.

ATTACHED

A housing unit that shares a wall with another unit. It is commonly a multifamily dwelling or consists of multiple units.

AUDIT STRATEGY

The plan the audited party has for answering questions that may be asked in the auditing process.

AUTHORITARIANISM

When orders are given with threats. This is done to cement the power status of the parties involved. It must be maintained.

AUTOMATIC BILL PAYMENT

When a bill is paid directly from an account through an electronic transfer. This must be authorized. The vendor must submit a request. It can be stopped at any time.

AUTONOMOUS INVESTMENT

An investment that interest rates and profit in the economic climate. If it succeeds the economy did not necessarily get better. Refer to induced investment.

AVOIRDUPOIS WEIGHT

The unit of goods sold by weight. Precious metals are not considered. A pound is considered 16 ounces. Metals are sold in troy ounces which is different.

ACCOMMODATIONS

Making it easy for disadvantaged groups to access and use an establishment. Refer to accommodation.

ACCOUNTABLE

This party is assigned responsibilities and is in charge of the account in question.

ACCREDITATION

Certification in a subject. It ensures integrity of an agency and is awarded to organizations as well.

ACORN

When a residential area is grouped in one of the 39 ranks. It is done by age, facilities, composition, household size, marital status, income, transportation mode, job, car ownership, and home ownership.

ACTION OR CIVIL ACTION

A dispute, opposed petition, or similar action with the objective of influencing a contested matter so the outcome if favorable to those engaging in said action

ACTUAL LOSS

Loss in a transaction due to inflation, costs, and scrap value of an object. Refer to actual total loss.

AD VALOREM TAX

An additional charge put on an item that is a percentage of its value.

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