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

Category: A

AMBIT CLAIM

When an arbitrage authority considered a claim to be exaggerated. A compromise will be made.

AMORTIZATION SCHEDULE

A chart illustrating monthly payment breakdowns. Interest, principal, and declining principal over the life of a loan.

ANCHORING BIAS

Basing judgment on a situation that has nothing to do with the current issue.

ANTILAPSE STATUTE

A rule that is used when heirs can take ownership based on what they were told when a will is not made. This rule makes sure that the property gets to who

APACHE

An open source or public web software that is improved continually by volunteer programers. Its the most popular software and works with linux, unix, and windows.

APPRECIATION

When an asset’s value increases due to improvements or additions.

ARCHANGEL

A strong angel investor with a successful history in investment. A consultant kept by angels to research and present opportunities.

ARMA MODEL

Refer to autoregressive moving average (ARMA) model.

AS IS

A clause stating that an item is bought with no warranty. The buyer takes the item as it is with any apparent or nonapparent faults.

ACCOMPLISHED

A skilled person in a speficic area. Or the past tense of accomplish.

ACCOUNTING CONTROL SYSTEM

The ways a company control their accounting practices. The goal is to follow rules and procedures, protect the company, and provide timely reports.

ACCRUED INTEREST

The interest on a BOND or LOAN that has been earned but not yet paid. Interest payable/receivable accumulates between COUPON payment periods; once a periodic interest payment is made, accrued interest reverts

ACTUATOR

A mechanical device that controls power flow.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.