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

Category: A

AUTHORIZE

This enables a person to act; it gives the authority for a person to carry out an act.

ADJUSTED FUNDS FROM OPERATIONS (AFFO)

How much a real estate company has available to it. It uses operation funds, amortized funds, rent, and revenue. AKA cash available for distribution or CAD.

ADVANCE OPTION

A shortterm LINE OF CREDIT granted by an UNDERWRITER to an issuer of securities that can be drawn if the underwriter cannot successfully place the securities. The advance option thus guarantees the

ADVERSE USE

Using property without owner permission. Commonly used in relation to easements and water authorities.

AFTER-ACQUIRED PROPERTY

When property is bought by a debtor after entering a contract. Other property has already been used to secure the loan. The acquired property is safe if bankruptcy must be filed.

AID

When a foreign country asks for help financially after some crisis. There is a net inflow of foreign funds in the country.

ALIENATION CLAUSE

1. in insurance it is a rule that cancels insurance if the owner sells the property. 2.in a loan it is the rule stating the asset is owned once the loan is

ALL SUITE HOTEL

A room that has a kitchen and living room as well as the common bedroom and bathroom.

ALPHABET STOCK

Separate classes of COMMON STOCK issued by a company, where each class (often denoted by a letter of the alphabet) represents a different subsidiary. Investors in an alphabet stock receive the RENT

AMERICAN MARKETING ASSOCIATION (AMA)

A group that are leaders in marketing. It was started in the early 1900s and has 76 chapters with thousands of members. The members get information to help their businesses. They stay

AMOUNT DUE

The total money due for a good or service to be paid at the due date.

AND INTEREST

A term in bond price that means interest is not included in the figure yet. The buyer will get the interest on top of the value.

ANODE

The component of an electrolytic cell called an electrode where oxidation takes place usually causing corrosion.

ANTISEPTIC

A chemical that destroys diseased microorganisms internally or externally.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.