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

Category: A

ACCIDENT

An unforeseeable and unexpected turn of events that causes loss in value, injury, and increased liabilities. The event is not deliberately caused and is not inevitable. Refer to incident.

ACCOUNTING REFORM

A change in rules that go beyone standard practices. It keeps the economies on a national level. It is used to help globalize standard practices.

AC-DC OPTION

An option in trading that can be called upon at a later date if the owner so chooses. This is also called a hermaphrodite option.

ACRYLICS

Plastics that are sheets or fibers that are made of polymerized amides, esters, and acrylic derivatives.

AD CLICKS

Internet ad term that represents the amount an ad has been clicked on.

ACCELERATION

Acceleration can occur if one party breaches a contract or a term of a contract. Full payment or accelerated payment of a credit account may be required immediately.

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,

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