The Law Dictionary

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

Category: A

ADVERTISING THEME

The main idea of an ad campaign. Its goal is to get an effect through many ads instead of just one idea per ad.

AFFIDAVIT OF DOMICILE

The address of a now deceased person in documentation. Its required to start procedings of property transferance.

AFFINITY FRAUD

Setting up a fake investment opportunities. Its a fraud scam set up by a group.

AFTER-ACQUIRED CLAUSE

Any assets bought by the borrower to be included as collateral for the original loan. Refer to floating charge.

AGENCY CAPTIVE

A CAPTIVE, owned by one or more INSURANCE AGENTS, which is used to write insurance cover for a large number of third party clients. See also GROUP CAPTIVE, PROTECTED CELL COMPANY,PURE CAPTIVE,

AGENT BANK

A BANK forming part of a SYNDICATE arranging a LOAN for a borrower that is responsible for protecting the interests of all other syndicate banks. The lead bank arranging the loan is

AGGREGATE MORTALITY TABLE

Data used to decide how much life insurance to give. Its just part of the complicated math involved in life insurance.

ACCEPTABLE PRICE RANGE

A buyers realistic expectation of the cost of a product or service. This is based on the quality and benefits expected.

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.

ACCOUNT EXECUTIVE

A representative who manages a client, large customer, or acts as an agent broker. AKA registered representative.

ACCOUNT STATEMENT

The summary of transactions on an account with a customer over the last period of time. AKA statement of account and bank statement.

ACCOUNTING ERROR

Error caused by neglicence or not following the GAAP. This is an error that is anything but fraud.

ACCOUNTING RECORDS

All the records about a company and its assets. They are used in audits and financial reviews.

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