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

Category: Finance Dictionary

APPLET

A program that does a small part of a big program. Java is commonly the language used to program these.

AQUEOUS WASTE

Any liquid waste that is waterbased. It may have floating or settled debris like oil, paint, or rust.

ARROW’S IMPOSSIBILITY THEOREM

The theory that no election is swayed by the voting method used. The criteria of unrestricted domain, nondictatorship, paret efficienty, and independence of irrelevant alternative are used to determine the validity of

ASSET

A financial contract or physical object with value that is owned by an individual, company, or sovereign, which can be used to generate additional value or provide LIQUIDITY. Assets are credits to

ATMOSPHERE

1. the gasses that surround the earth. It is made of nitrogen and oxygen. Trace amounts of argon, carbon dioxide, helium, krypton, methane, neon, sulfur dioxide, water vapor, and xenon are present.

AUDIT EVIDENCE

The grounds an auditor comes to an opinion based on. Tests and documents are used for this.

AUTHORING TOOL

A computer program that lets a user make their own web media and the tools needed to use it.

AUTONOMATION

When machines and operators can work together. The operator gives the machine a human touch. Both automatic and semi automatic processes make it easy for the operator.

AVALIZOR

When a third party becomes a guarantor to make sure a payment is made even if default occurs. It is more common in Europe than in the US.

AVOIDED COST

The cost saved by buying resale instead of building a new plant. The capital cost and operating cost of the plant are considered.

ATTRIBUTION RULES

How canada prevents investors from skipping out on taxes. Transfering assets to poorer family members is forbidden.

ADDRESS FOR SERVICE

An address that is given to deliver legal documents. If the document is delivered to that address its considered delivered to the party.

AEROSOL

Super fine liqid drops like fogs and smoke. They can be naturally occuring or man made. Climate changes can occur as well. Or a dispenser of products that cannot be refilled. A

AGENCY PROBLEM

When an abuse of power is used to benefit the agent not the company.

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