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

Category: Finance Dictionary

APOLOGY

A public plea for forgiveness to undo some damage. A payment or offer can also make ammend by publishing correct information and renouncing previous claims.

APPLICATION PROGRAM

A program that is complete and performs its task but does not perform maintenance. The slang term for this is an app. AKA application software.

AREA CODE

The code in the US for telephone numbers. The first three numbers identify the general location a call is coming from or going to. The first digit must be a number from

ARREARS

A remaining debt or liability after the due date. An example of this would be a loan payment. AKA arrearage.

ASCII

A code developed by the American National Standards Institute. Computers use it to turn text into a format computers can compute in other devices.

ASYMMETRIC RISK EXPOSURE

A mismatch of gain and loss due to value changes of an asset. A wide gap is between loss and gain with a call option.

ATTRIBUTION

Labeling something as either the cause or effect of another item.

AUSTERITY BUDGET

When a budget is decided by the government to reduce deficit. The goal is to cut comsumer spending.

AUTOMATICALLY

1. to use an automated system to perform a function. 2. to act without thinking. Like a reflex.

AVAILABILITY BIAS

When decision makers choose based on a personal experience rather than facts. The reaction is emotional.

ADJUSTMENTS ESTIMATE

A request to parliament for a rider attached to a bill changing the amount of money set aside for a yearly budget.

ADVANTAGE

A trait that is favorable for a company. It leads to success in the future. It is the exact opposite of a disadvantage.

ADVERTISING COPY

The letters on any ad that are designed to get a buyers attention.The headline is most important here. Shorter is better but if well written a long ad will also be effective.

AGATE

The size of advertising space. For print its 5.14 points equalling 1.81 mm. Refer to milline rate.

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