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

Category: A

ACCREDITATION

Certification in a subject. It ensures integrity of an agency and is awarded to organizations as well.

ACORN

When a residential area is grouped in one of the 39 ranks. It is done by age, facilities, composition, household size, marital status, income, transportation mode, job, car ownership, and home ownership.

ACTION OR CIVIL ACTION

A dispute, opposed petition, or similar action with the objective of influencing a contested matter so the outcome if favorable to those engaging in said action

ACTUAL LOSS

Loss in a transaction due to inflation, costs, and scrap value of an object. Refer to actual total loss.

AD VALOREM TAX

An additional charge put on an item that is a percentage of its value.

ACCOMMODATIVE MONETARY POLICY

Stimulating economic growth by giving out more money. It decreases federal funds wrth making money easier to borrow. Refer to federal open market committee,tight monetary policy and federal reserve

ACCRETION

A periodic increase in the value of an ASSET or LIABILITY originally issued, granted, or sold at a discount to FACE VALUE. In general, the contract will increase on a straightline basis

ACTIONABLE INTELLIGENCE

Knowledge used to boost company position. It can lead to a strike or counter strategy. Refer to competitive intelligence.

ADAM SMITH

The father of economic theory. He has written severla books on markets and economics.

ACCEPTOR

The individual who agrees to purchase good by signing a bill on or before its due date.

ACCOMPANIED SHOPPING

When a shopper is asked questions while shopping about the experience. Night clubs and athletic centers use this method. Refer to solitary shopping or shopping alone.

ACCOUNTANT

A party trained in bookkeeping and finance practices. They make annual reports, statements, make decisions, plan, and advise on tax and investments. Refer to accounting.

ACCRETIVE

How a company or asset grow due to the addition of an external source. It is used to expand company size.

ACQUISITION FEE

Administrative costs including acquiring credit reports, proofing the paperwork, identifying proper insurance coverage etc. When a lease is set up.

ACTIVATED CARBON

A carbon used in catalytic coverters and waste treatment. It removes toxicity to the environment. One gram neutralizes 1,000 sq meteres. Refer to molecular sieve.

ACTUALS

A physical commodity or financial instrument. Physical items are delivered to the buyer before expiration dates. AKA cash commodity or physicals.

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