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

AUTHENTICATION CERTIFICATE

The way access is given for electronic commerce. This digital certificate shows the entity issuing, the entity issued, a serial number, dates, and a digital fingerprint.

AUTHENTICITY

The validity of a document or record. The document is kept in original form with no tampering.

AVOIDABLE COST

To avoid a variable cost by taking a specific action. A fixed cost is not avoidable.

AVOIDANCE OF CONTRACT

Cancelling a contract when it cannot be continued or is no longer profitable. The parties are released from their agreements.

ASSESSABLE SECURITY

A security that is payable on a further call. The UK calls this a partly paid security.

ASSESSMENT RATIO

The way assessed value and market value are linked. It is used for tax purposes.

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.

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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.