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

Category: A

ACCOUNT INQUIRY

When a bank asks for the applicants account history for credit approval or loan renewal.

ACHIEVE

The successful completion of tasks. Reaching higher than before to gain status.

ACT

Something done or not don intentionally by a person. AKA act of parliament or statute.

AD HOC COMMITTEE

A committee that is created to supervise a task. This is the most common committee type.

ACCELERATOR

A business type that helps start up businesses to gain financial and physical resources. Accelerators may choose to work with businesses who have been rejected by venture capital firms or other investors

ACCIDENT MANAGEMENT

Controling accident potential by preventing escalation, achieving a safe state, or balancing consequences.

ACCOUNT NUMBER

A numeric or alphabetic code that identifies an account holder and the account records. AKA account code.

ACID

A solution with a ph below 7. It has a sour taste, releases hydorxyl, and makes litmus papers red. Strong acids are corrosive and weak ones are practically harmless. AKA mineral, inorganic,

ACT OF GOD

A natural event that causes loss. No human force is used and the event cannot be controled. They are insured events. AKA act of nature. Refer to force majeure.

ACTIVITY DRIVER

The number of times demand is needed for an object. This is the cost.

AD PAGES SOLD

The page views on an ad that a firm has sold to an advertiser. AKA the sell through rate.

ACCEPTABLE PRICE RANGE

A buyers realistic expectation of the cost of a product or service. This is based on the quality and benefits expected.

ACCIDENT PERIL

The calculated probability that an employee will be harmed at their job. This comes with machinery, electricity, fire, chemicals, and heavy objects.

ACCOUNT STATEMENT

The summary of transactions on an account with a customer over the last period of time. AKA statement of account and bank statement.

ACIDIOSIS

When body fluids change to make them more acidic. It is caused by a bodily failure that maintains acid alkali level in blood.

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