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

ALL-OR-ANY PORTION ORDER

An ORDER to purchase or sell any, or all, of a specified quantity of securities, generally at the BROKER

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

ALLOWANCE METHOD

When a rule is made to cover debts with a percent of profits. Any loss or excess in the next period will taken care of in the next period. The other method

ALONGSIDE

In shipping its the side of the ship the inventory is placed on. Items are placed within crane reach or on the dock.

ALPHA

1. in the UK a classification of london stocks on the stock exchange in a normal market. 2. in the US it measures the change in prices of stocks in the market.

ALPHA TEST

Testing done in company of a model. It establishes flaws to come or deficiencies. Refer to beta test.

ALPHABET STOCK

Separate classes of COMMON STOCK issued by a company, where each class (often denoted by a letter of the alphabet) represents a different subsidiary. Investors in an alphabet stock receive the RENT

ALTA

Mortgage risk category that isnt prime or sub prime but is closer to prime. AKA A minus.

ALTER EGO

A document that holds stockholders and directors responsible for loss. This is used when the company is a front. It is not the independent entity imagined by corporate law.

ALTERATIONS

Any changes done to a building in the remodeling process. AKA alterations and extensions.

ALTERNATE

1. a change to a clause that alters the original. 2. a substitute or to take turns. 3. anything relating to an alternative.

ALTERNATE BENEFICIARY

A party as a back up to a beneficiary. They will get any inheritance. Insurance uses it as well. It is more common in real estate or personal property.

ALTERNATIVE ASSESSMENT

When a trainee must make their own answer to a problem. This removes the simple multiple choice options.

ALTERNATIVE DISPUTE RESOLUTION

When a resolution to a dispute is sought out of court. The processes of arbitration, conciliation, and possession proceedings are alternates for the court system. This is a voluntary choice and a

ALTERNATIVE FUTURES

The idea that anything has more than one path it can take in its lifetime. Foresight and decision making change the path.

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