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

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.

ALTERNATIVE MEDIA

Advertising opportunities not in the standard list. They can be fliers, handouts, super market videos, and the phone book.

ALTERNATIVE ORDER

When buying and selling through an agent and one choice cancels another one out. They can either sell or buy but not do both. AKA either or order and one cancels the

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