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

Category: Finance Dictionary

AD HOC COMMITTEE

A committee that is created to supervise a task. This is the most common committee type.

ACCEPTABLE PRICE RANGE

A buyers realistic expectation of the cost of a product or service. This is based on the quality and benefits expected.

ACCIDENT PERIL

The calculated probability that an employee will be harmed at their job. This comes with machinery, electricity, fire, chemicals, and heavy objects.

ACCOUNT STATEMENT

The summary of transactions on an account with a customer over the last period of time. AKA statement of account and bank statement.

ACIDIOSIS

When body fluids change to make them more acidic. It is caused by a bodily failure that maintains acid alkali level in blood.

ACT OF LAW

A legal event that is caused by the way an individual acts.

ACTIVITY DRIVER

The number of times demand is needed for an object. This is the cost.

AD PAGES SOLD

The page views on an ad that a firm has sold to an advertiser. AKA the sell through rate.

ACCEPTABLE RISK

A level of material and human loss involved in the industrial process.

ACCOUNT TYPE

A code an account is given to show its general purpose. It can be savings, checking, or brokerage for example.

ACCOUNTS RECEIVABLE

Trade credit created by a company when it permits a client to pay in the future for goods or services that have already been delivered by the company. A client company is

ACIS

The institue of chartered secretaries and adminstrators associate.

ACT OF STATE

An act exercising power or a country that cannot be overturned by the courts.

ACCEPTANCE

1. Agreements: Two parties agree to the terms of a contract. If it is denied a counter off is made until the agreement is reached. Upon agreement the contract is legally binding

ACCOMMODATION

Placing anothers concerns befor your own to solve an issue. This is a good low stakes move to encourage long term business. Refer to accomodations.

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