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

AVAILABLE BALANCE

The amount of money in an account that is able to be used. AKA available funds.

AVAILABLE EARNINGS

The firms profit available for stockholders. The factors in this are the costs, depreciation, taxes, dividend, and the earnings.

AVALIZOR

When a third party becomes a guarantor to make sure a payment is made even if default occurs. It is more common in Europe than in the US.

AVERAGE CHART

A chart that uses subgroup averages to decide the stability of a process.

AVERAGE COST (AVCO) METHOD

The way the cost of inventory is calculated over a period of time. The cost of the goods and the number are used for this.

AVERAGE CURRENT ASSETS

The amount of accounts in receivables, cash, and inventory just to name a few. They are easily converted into cash or can be sold in the year.

AVERAGE INDUSTRIAL WAGE

1. A party given access to make security, financial, and operations decisions. 2. the hourly rate an employee is paid. Farmers do not pay this way. This becomes the benchmark pay per

AVERAGE LIFE

1. the time before a debt is to be paid. the figures are used to compare the best option. Refer to half life. AKA economic life.

AVERAGE UP

When an investor buys long position shares to reduce prices and make more profit. Compare this term to average down and dollar cost averaging.

AVERAGE WITHOUT PERCENTAGE

The broadest marine coverage that pays partial or total loss. The amount is paid in full no matter the average.

AVOCATION

A hobby that a person likes to do when they are not working.

AVOIDED COST

The cost saved by buying resale instead of building a new plant. The capital cost and operating cost of the plant are considered.

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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.