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

Category: Finance Dictionary

AMERICAN STOCK EXCHANGE (AMEX)

The second biggest stock market in the US. It’s in downtown manhattan. Small and mid size companies are on the market. Foreign securities are also on the market. AKA curb exchange and

ANALOG

1. an occurance that has varied activity. 2. anything that looks like like an original item.

ANNUALAGGREGATE LIMIT

The maximum amount that an INSURANCE contract will pay in settlements to an INSURED over a 12month period, regardless of the number of CLAIMS submitted.

ANTIDIVERSION CLAUSE

A law making sending freight to banned countries illegal by the government. The destination is stated on a contract and cannot be brought somewhere else.

ANYANDALLBID

When an investor promises to purchase all shares up for sale within a certain date at an agreed upon price.

APPLIED COST

A cost that an activity or product incurs in overhead. It may or may not be based on the actual cost.

ART PAPER

A paper coated in clay that creates more lifelike color and detail.

ATTACHED

A housing unit that shares a wall with another unit. It is commonly a multifamily dwelling or consists of multiple units.

AUDIT STRATEGY

The plan the audited party has for answering questions that may be asked in the auditing process.

AUTHORITARIANISM

When orders are given with threats. This is done to cement the power status of the parties involved. It must be maintained.

AUTOMATIC BILL PAYMENT

When a bill is paid directly from an account through an electronic transfer. This must be authorized. The vendor must submit a request. It can be stopped at any time.

AUTONOMOUS INVESTMENT

An investment that interest rates and profit in the economic climate. If it succeeds the economy did not necessarily get better. Refer to induced investment.

AVOIRDUPOIS WEIGHT

The unit of goods sold by weight. Precious metals are not considered. A pound is considered 16 ounces. Metals are sold in troy ounces which is different.

AUTHENTIC RECORD

A document that represents what is supposed to and has not been changed. AKA authentic document.

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