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

ARIMA MODEL

Refer to autoregressive integrated moving average model.

ARITHMETIC PROGRESSION

A numeric sequence with the difference between the numbers being the same. Refer to geometric progression.

ARM IN ARM TRANSACTION

When a deal is made between parties interested in the same outcome. This can be a noncommerical prices and terms. Refer to arms length transation.

ARMA MODEL

Refer to autoregressive moving average (ARMA) model.

ARMS INDEX

When adcance decline ratio and upside downside ratios are compared to get the markets strength. A moving average is used for 4 to 55 days depending on the time being analyzed. A

AROMATICS

A hydrocarbon taken fro petroleum products that release a sweet odor. The common ones are benzene tolune, and xlene. They are used for solvents, additives, and feedstocks.

ARRANGEMENT

When a debtor and creditor make an agreement about repayment or a debt.

ARREARS

A remaining debt or liability after the due date. An example of this would be a loan payment. AKA arrearage.

ARREARS SWAP

An INTEREST RATE SWAP with a floating INTEREST RATE that is set in arrears rather than in advance; thus, the rate may be set two days before payment date, rather than six

ARREST

To keep a person in lawful custody. A warrant, crime, or statute can authorize this.

ARREST WARRANT

A court order given to detain a party if probable cause is present. AKA warrant for arrest.

ARRESTABLE OFFENSE

An act with a fixed sentence or a minimum sentence. No warrant is needed if the party has or is about to commit such an offense.

ARROW’S IMPOSSIBILITY THEOREM

The theory that no election is swayed by the voting method used. The criteria of unrestricted domain, nondictatorship, paret efficienty, and independence of irrelevant alternative are used to determine the validity of

ARSENIC

A metal toxic to humans that causes skin cancer, lung cancer, peripheral vascular disease, and liver damages. It is used for gun shot and semiconductors.

ART PAPER

A paper coated in clay that creates more lifelike color and detail.

ARTICLE XII COMPANY

A company that does international banking. It is chartered under article XII in New York bank laws. They do not own equity and cannot accept deposits in New York.

ARTIFICIAL PERSON

A nonhuman entity that is created by law and is legally different owning its own rights and duties. AKA jusistic person and legal person. Refer to body corporate.

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