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

Category: Finance Dictionary

ADMITTED INSURANCE

An INSURANCE contract written by an ADMITTED INSURER that is authorized to do business in the state or jurisdiction where the policy is issued. See also NONADMITTED INSURANCE.

ADVERSE FINANCIAL SELECTION

When cash is given for insurance policy due to extreme need on the insured’s part. The money may also be reinvested somewhere else.

AFFILIATE

Companies that have a shared resources, interests, or business dealings. Or a website that sells products they don’t physically own for commission. Refer to susidiary.

AGENCY SHOP CLAUSE

When union members must pay a fee monthly. It is for employees of a company that requires employees to join the union.

AGGRESSIVE

Taking greater loss to possibly make a greater profit that does not rely on chance.

AIR RAGE

When a passenger on an aircraft becomes voilent or difficult due to stress or fear.

ALCOHOLS

A chemical compound that has carbon, hydrogen, and oxygen. They can be solid, liquid, or insoluable. They are used to sell as liquor or as a cleaner. Ethyl alcohol is AKA ethanol.

ALL-OR-NONE ORDER

An ORDER to purchase or sell securities that must be filled completely or not at all. Allornone orders are often marked FILL OR KILL. See also ALLORANY PORTION ORDER.ALLORNONE UNDERWRITING A NEW

AMERICAN EXPRESS

A corporation that issues credit cards to people worldwide. It also has travel programs and privileges for being a member. Many cards are offered to meet the customers needs. It was founded

AMERICANS WITH DISABILITIES ACT (ADA)

Laws that cover civil rights to disabled individuals. They get equal facilities, opportunities, access, accomodations, buildings, communications, and transportation.

ANALYZE

Taking a single item and figuring out reasons for differences in the numbers.

ANNUALIZED INCOME

Adjusted income or return based on annual performance. AKA annualized return.

ANTIGLOBALIZATION

An economic movement that is not fond of capitalism or globalization. They feel that an individual can reach goals without the negative effects of capitalism. The emphasis is on economic efficiency and

ANYTOANY DISTRIBUTED COMPUTING

The structure of an online market that computers use to communicate with other computer systems. Logical connections are made rather than wired ones.

APPRAISAL CLAUSE

In property insurance the insured or insurer can demand an appraisal for property damaged to justify a claim.

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