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

Category: Finance Dictionary

ACCESSORY

Goods used in the operation process, marketing, or administration. They are not part of the final product. Or a party who is not the main culprit but connected to a crime. Refer

ACCOUNT EXECUTIVE

A representative who manages a client, large customer, or acts as an agent broker. AKA registered representative.

ACCOUNTING RECORDS

All the records about a company and its assets. They are used in audits and financial reviews.

ACCURATE

Honestly agreeing and practicing standards of due diligence. Financial statements are verified for correctness. Refer to precise.

ACROSS THE BOARD

When a certain area, market, or company is affected the same way by some circumstance, or a media event that is shown at the same time on all stations.

ACUTE TOXICITY

The effect a poison has in short or single exposure that leads to death.

ACCIDENT

An unforeseeable and unexpected turn of events that causes loss in value, injury, and increased liabilities. The event is not deliberately caused and is not inevitable. Refer to incident.

ACCOUNTING REFORM

A change in rules that go beyone standard practices. It keeps the economies on a national level. It is used to help globalize standard practices.

AC-DC OPTION

An option in trading that can be called upon at a later date if the owner so chooses. This is also called a hermaphrodite option.

ACRYLICS

Plastics that are sheets or fibers that are made of polymerized amides, esters, and acrylic derivatives.

ACTIVITY

Work performed to create a result. Actions done to help ABC computations. The smallest task done in a time, in relation to others, resouces, and costs. AKA task.

ACWM

Asbestos waste. Laws are in place for special disposal.

ACCELERATION

Acceleration can occur if one party breaches a contract or a term of a contract. Full payment or accelerated payment of a credit account may be required immediately.

ACCOUNT INQUIRY

When a bank asks for the applicants account history for credit approval or loan renewal.

ACHIEVE

The successful completion of tasks. Reaching higher than before to gain status.

ACT

Something done or not don intentionally by a person. AKA act of parliament or statute.

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