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

ATTRIBUTION THEORY

The idea that people understand their environment based on percieved cause an effect relationships. Their own behaviors are used to determing future ones based on the cause.

ACCELERATION

Acceleration can occur if one party breaches a contract or a term of a contract. Full payment or accelerated payment of a credit account may be required immediately.

ACCELERATOR

A business type that helps start up businesses to gain financial and physical resources. Accelerators may choose to work with businesses who have been rejected by venture capital firms or other investors

ACCEPTABLE PRICE RANGE

A buyers realistic expectation of the cost of a product or service. This is based on the quality and benefits expected.

ACCEPTABLE RISK

A level of material and human loss involved in the industrial process.

ACCEPTANCE

1. Agreements: Two parties agree to the terms of a contract. If it is denied a counter off is made until the agreement is reached. Upon agreement the contract is legally binding

ACCEPTOR

The individual who agrees to purchase good by signing a bill on or before its due date.

ACCESS

1. The time when an individual is permitted into some security point. This is also called system access. 2. The authority to access restricted records.

ACCESS TIME

The time delay between the request and its completion. AKA data access time.

ACCESSION

When one party takes charge of anothers property or records by a contract that both parties agree to.

ACCESSION RATE

The number of new employees hired during a period of time. It is expressed as a percent of the total employees.

ACCESSORY

Goods used in the operation process, marketing, or administration. They are not part of the final product. Or a party who is not the main culprit but connected to a crime. Refer

ACCIDENT

An unforeseeable and unexpected turn of events that causes loss in value, injury, and increased liabilities. The event is not deliberately caused and is not inevitable. Refer to incident.

ACCIDENT MANAGEMENT

Controling accident potential by preventing escalation, achieving a safe state, or balancing consequences.

ACCIDENT PERIL

The calculated probability that an employee will be harmed at their job. This comes with machinery, electricity, fire, chemicals, and heavy objects.

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