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

Category: A

ABOVE GROUND RISK

Risks whose nature is not technically calculatedly. Usually associated with the political climate, market variations, and price fluctuation.

ABUSE OF POWER

The basic abuse of power that can occur when they become too manipulative with those around them and the trust given to them.

ABX INDEX

An index used to derive the value of a mortgages subprime. A credit default to exchange is used to help those with weak credit. It has four series each containing 20 bonds.

ABANDONMENT

the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the

ABOVE THE LINE

1. Accounting: a record used to characterize income and expenses required to run a business that affect the profit, but not the capital, of the given company. 2. Advertising: exposure through the

ACA

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

ABATEMENT

1. Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. 2. Environment: to reduce or eliminate polluting or hazardous substances. This is

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.

ADVERSE ENJOYMENT

The possession or exercise of an easement, under a claim ofright against the owner of the land out of which such easement is derived. 2 W’aslib.Real Prop. 42; Cox v. Forrest, 00

ADULTERINE GUILDS

Traders acting as a corporation without a charter, and paying a fine annually for permission to exercise their usurped privileges. Smith, Wealth Nat. b. 1, c. 10.

ADVERSARY PROCEEDING

One having opposing parties; contested, as distinguished from an ex parte application; one of which the party seeking relief has given legal warning to the other party, and afforded the latter an

ADVOCATUS DIABOLI

In ecclesiastical law. The devil’s advocate; the advocate who argues against the canonization of a saint.

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