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

AUGMENTED PRODUCT

A product that has products added to it to make more than one stream for revenue. Refer to agile product.

AUSTENITE

Any iron that has carbon or facecentered crystaline structures. It is named after Sir W. C. Roberts Austen. Refer to martensite.

AUSTENITIC STAINLESS STEELS

Anything with high levels of chromium and nickel. It is corrossion resistant, ductile, and weldable. It is the largest selling steel. It is used in heavy duty work. Refer to feritic stainless

AUSTERITY BUDGET

When a budget is decided by the government to reduce deficit. The goal is to cut comsumer spending.

AUSTRALIAN TRADE COMMISSION (AUSTRADE)

A government comittee that promotes Australian products to other countries. They also want to attract more business to the country. There are 100 offices in 63 countries that do this.

AUSTRIAN SCHOOL OF ECONOMICS

The idea that human effort must be driven through personal judgement not external force such as a government agency. Freedom, abolishing central banks, returning to the gold standard, no more bank deposit

AUTARKY

An economic system without any external trade, or one where trade is reduced or eliminated through barriers and quotas.

AUTHENTICATION KEY

A digital code used to keep electronic payments secure from any third parties. The amount, time, and date are used for this.

AUTHORING TOOL

A computer program that lets a user make their own web media and the tools needed to use it.

AUTHORITARIAN PERSONALITY

When a person becomes too attached to ideas of power. They can be rigid, prejudice, and act like a tyrant. If the person encounters a weaker party this is especially present.

AUTHORITARIANISM

When orders are given with threats. This is done to cement the power status of the parties involved. It must be maintained.

AUTHORIZATION

1.how a party is verified when they start a transaction. 2. giving or denying access to a user based on their autheniciation and authorization.

AUTHORIZATION CODE

A code that is used to complete a transaction. It authenticates the user has done the transaction.

AUTHORIZED SETTLEMENT AGENT

A back that can send checks t the federal reserve bank for a debt collection. A clearing house is used. This keeps banks running smoothly.

AUTHORIZED USER

A party allowed to manage an account. This can be for any type of account. They are not required all the time to repay debt incurred.

AUTO COVERAGE

Coverage for a vehicle that is used on public roads. Trailers are also covered.

AUTO SALES

When auto manufacturers make a report of the montly sales. It shows how well the market is doing and are seasonally adjusted. The stock market may use this to curb spending habits.

AUTO SUPPLIER SUPPORT PROGRAM (AUTO SSP)

A program the treasury department started to help the auto industry. Due to economic crisis $5 billion was granted to help extend credit. If qualified the company could stay open.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.