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

Category: A

ACCESS

1. The time when an individual is permitted into some security point. This is also called system access. 2. The authority to access restricted records.

ACCOMPLICE

A party who agrees to a crime as the main criminal or in accessory.

ACCRUAL BASIS

A general accounting method that reports income when it is earned and expenses when they are incurred. See also CASH BASIS.

ACQUISITION INDIGESTION

The terms of a large scale purchase of a company outlining legal and financial expectations when there will be a downscaling of positions and technologies that will keep the shareholders happy and

ACTIVATED SLUDGE

When sewage mixes with bacteria and portozoa leading to oxidation. It reduces pollution.

ACTUARIAL

A term used to describe computations and calculations for mortality rates and pensions.

ADAPTATION

Changing a work to make it meet a certain need. Or changing an idea to make it work for a situation.

ACTIVITIES, INTERESTS, OPINIONS (AIO)

The individuals lifestyle choices used to make a market profile. When added with demographic information buying behavior is determined. AKA attitudes, interests, and opinions. Refer to values adn life styles.

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.

ADAPTIVE ORGANIZATION

An organization that keeps up with rapid change by acting like a chameleon. Employees have more decision power.

ACCESS TIME

The time delay between the request and its completion. AKA data access time.

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