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

Category: A

ABOVE THE LINE DEDUCTION

Any amounts that can be garnished from an individuals total income. Examples of this are alimony, child support, or educational costs.

ABBREVIATED ACCOUNTS

A simplified financial statement that a specific small firm is allowed to file. It is filed with the registrar of companies in the United Kingdom. Almost half of the active UK firms

ABOVE WATER

A company who can stay out of debt and economic trouble. This causes them to have a better credit rating and investors see them as well off. They will also be rewarded

ACCA

This individual works and is bound by the laws of the Institute Of Chartered Accountants.

ABC AGREEMENT

When an employee and brokerage firm do business this is the resulting contract. It is done in the form of an outline that lists the rights of the firm. This agreement is

ABRIDGMENT

A brief written work that manages to keep the meaning and essence of the original version. This term is also spelled as abridgement. Other terms that might help are abstract, digest, outline,

ACCELERATED BOOKBUILD

When a company has debt obligations and cannot get funds for a project they purchase stocks as a short term investment boost.

ABC ANALYSIS

A systems analysis of items in order of importance that should be handled differently. This form of Pareto analysis in which the importance is listed by ‘A’ items are very important, ‘B’

ABROAD

A geographical land considered foreign to the current location of a person or object. This term can apply to overseas and continental differences.

ACCELERATED DEPRECIATION

Computing depreciation rates faster than the straight line option. The two methods are declining balance or taking the sum of the years digits as the depreciation rate. This results in a larger

ABC INVENTORY CLASSIFICATION

The Pareto analysis as related to inventory control. There are three categories for the items in question. This is based on their revenue generation, turnover, or value. Typically this is done on

ABROGATE

1. To nullify an contract by means of mutual agreement. 2. To officially abolish a law.

ABDUCTIVE REASONING

A reasoning methodology that uses common facts that are accepted as true and using them to build your argument.

ABSCISSA

On a graph or chart this is the horizontal (X) axis.

ABEND

An abnormal or abortive end to a computer program. This system crash is usually caused by a glitch or a memory overload.

ABSENTEE LANDLORD

A property owner that rents or leaves their property vacant. They have not abandoned it. This individual is considered an absentee owner.

ABILITY

1. Human Resource Management: A natural capacity of an individual to complete the task at hand. Refer to the definition of aptitude. 2. Law: The ability to agree and act upon a

ABSENTEEISM

This occurs when an employee consistently is absent from work. Seldom does this individual have a valid reason. However, if valid reasons are given the absence does not qualify as such. Attendance

ABIOTIC

A non-biological element that has an affect on the ecosystem. The opposite of a naturally occurring environmental element.

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