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

Category: A

ARCHITECT

A party that designs construction. Refer to information architect.

AROMATICS

A hydrocarbon taken fro petroleum products that release a sweet odor. The common ones are benzene tolune, and xlene. They are used for solvents, additives, and feedstocks.

ASBESTOS

A fiber that gets hard with age and pollutes the environment with its fine particles. It causes illness and cancer. It is in ceiling tiles, insulation, patching compounds, shingles, paint, flooring, and

ASSUMPTIONS

The cause and effect connection that is accepted. It is used in simulations. It can be dangerous if accepted without any real world proof. Refer to critical thinking and rule of thumb.

ATTITUDINAL DATA

Data that reflects how a customer affects products and services offered. Surveys are used for this. Refer to demographic data.

AUSTENITE

Any iron that has carbon or facecentered crystaline structures. It is named after Sir W. C. Roberts Austen. Refer to martensite.

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.

ACCESSION RATE

The number of new employees hired during a period of time. It is expressed as a percent of the total employees.

ACCUMULATION UNIT

A trust or mutual fund when divident income is reinvested to increase the amount of the total investment.

ACROBAT READER

Software used to read and print documents. The files are in a PDF format.

ACTIVIST POLICY

Policy of a government that is active in the economy to effect its agenda and objectives.

ACUTE TOXICITY

The effect a poison has in short or single exposure that leads to death.

ACCESSORY

Goods used in the operation process, marketing, or administration. They are not part of the final product. Or a party who is not the main culprit but connected to a crime. Refer

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