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

ADJUSTED BREAKEVEN

A measure of the number of years it takes for an investor to recover the initial CONVERSION PREMIUM paid when purchasing a CONVERTIBLE BOND, after accounting for the fact that the investor

ADJUSTED FUNDS FROM OPERATIONS (AFFO)

How much a real estate company has available to it. It uses operation funds, amortized funds, rent, and revenue. AKA cash available for distribution or CAD.

ADJUSTER

Also known as an adjustor, an employee of an insurance firm who examines a specific claim to determine the cost to the firm.

ADJUSTMENT INCOME

A policy that affords a living to the inheritor in the event of the death of the insured until the inheritor can maintain a living on their own.

ADJUSTMENTS ESTIMATE

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

ADMINISPHERE

The administration office in an organization. Some employees think its negative due to the unimportant decisions made there.

ADMINISTRATIVE ORDER

An order issued to a party to correct a wrong done or to stop a current harmful activity.

ADMINISTRATOR’S DEED

When a property is given to the next of kin by way of a deed to the property. The holder of the deed owns the property.

ADMISSIONS

Allowing another party to enter an agreement. Or acknowledging the truth of a statement of evidence.

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.

ADSL

Refer to asymmetrical digital subscriber line.

ADSORPTION

How any non solid substance attaches to a solid substance but does not penetrate it fully.

ADVANCE AGAINST COLLECTION

A bank loan that is short term given to an exporter or seller. It is paid when the buyer pays for the shipment. The bank can take their money out at that

ADVANCE DIRECTIVE

A document about final wishes of an individual. It is drawn up in case the person becomes unable to make their own decisions. AKA living will.

ADVANCE OPTION

A shortterm LINE OF CREDIT granted by an UNDERWRITER to an issuer of securities that can be drawn if the underwriter cannot successfully place the securities. The advance option thus guarantees the

ADVANCE/DECLINE LINE (A/D OR AD)

A lined that is placed on a graph based on the advance decline ratio. The change in price traded is placed over time to determing placement of the line. Refer to advance

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