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

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.

AVOIDING

When minimal assertiveness is used to handle a conflict. Each party tends to stay away from the other.

AVOIRDUPOIS WEIGHT

The unit of goods sold by weight. Precious metals are not considered. A pound is considered 16 ounces. Metals are sold in troy ounces which is different.

AWARD

1. To take a bid for a contract. 2. a written decision for court that must be followed.

AWARENESS

How well a brand or company is knows. A target is set to increase sales.

AWAY FROM THE MARKET

A BID on a LIMIT ORDER that is lower than the current price, or an ASK that is higher than the current price. The order is held for later execution unless it

AXONOMETRIC PROJECTION

1. a projection that shows an ojects three dimensions. The axes are oriented relative to the projected surface. 2. A 3d drawing of a building based on a floor plan. The lines

ASSESSABLE INSURANCE

Insurance when a premium rate that uses possible future rate hikes to have a higher payment. AKA assessment insurance.

ASSESSED VALUE

Real estate value that government assessors use for taxes and court damages. This is not appraisal value.

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