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

Category: Finance Dictionary

AUTHORIZED SETTLEMENT AGENT

A back that can send checks t the federal reserve bank for a debt collection. A clearing house is used. This keeps banks running smoothly.

AUTONOMY PRINCIPLE

A rule that states a credit is not connected to any of its transactions. Refer to abstraction principle.

AVERAGE COST (AVCO) METHOD

The way the cost of inventory is calculated over a period of time. The cost of the goods and the number are used for this.

AWARENESS

How well a brand or company is knows. A target is set to increase sales.

AUTHENTICATION CERTIFICATE

The way access is given for electronic commerce. This digital certificate shows the entity issuing, the entity issued, a serial number, dates, and a digital fingerprint.

ADHOCISM

An organizations management style that doesn’t plan ahead, responding to only urgent situations, and focuses on fire fighting. This is the way the company sets their goals. Refer to adhocracy.

ADSL

Refer to asymmetrical digital subscriber line.

AGENCY BY ESTOPPEL

When an agent is appointed but not officially. AKA presumption of agency. Refer to partnership by estoppel.

AGENCY THEORY

Studying the broker client relationship. It helps get good incentives for both parties. It also reduces disagreements between the two parties.

AGILE ENTERPRISE

A fast growing firm that changes in a market. It keeps itself competitive. Authority is given to departments to speed up information flow.

AIR RIGHTS

The right to control the air space on your property. Reasonable use by neighbors or an aircraft is allowed. It can be bought, leased, sold, and transferred like with any rights.

ALERT

A warnig that suggests a dangerous level has been reached, an accident or disaster has occured, or normal events will be interupted due to repairs and uncontrollable events.

ALL OR NONE (AON)

An order where a broker buys or sells the parts of an order that can be filled. If this does not occur the sale is pending. Canceled orders cannot be filled. AKA

ALLOWANCE METHOD

When a rule is made to cover debts with a percent of profits. Any loss or excess in the next period will taken care of in the next period. The other method

ALTERNATIVE FUTURES

The idea that anything has more than one path it can take in its lifetime. Foresight and decision making change the path.

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