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

ACCUMULATION CLAUSE

In marine insurance when the value of goods is increased if shipments accumulate without an insured parties knowing.

ACCUMULATION UNIT

A trust or mutual fund when divident income is reinvested to increase the amount of the total investment.

ACCURATE

Honestly agreeing and practicing standards of due diligence. Financial statements are verified for correctness. Refer to precise.

AC-DC OPTION

An option in trading that can be called upon at a later date if the owner so chooses. This is also called a hermaphrodite option.

ACHIEVE

The successful completion of tasks. Reaching higher than before to gain status.

ACID

A solution with a ph below 7. It has a sour taste, releases hydorxyl, and makes litmus papers red. Strong acids are corrosive and weak ones are practically harmless. AKA mineral, inorganic,

ACIDIOSIS

When body fluids change to make them more acidic. It is caused by a bodily failure that maintains acid alkali level in blood.

ACIS

The institue of chartered secretaries and adminstrators associate.

ACKNOWLEDGEMENT

Stating that something is true or factual. When a buyer agrees to pay for their purchase. A message that confirms a communication was recieved. An oath done in public. Ensuring a shipment

ACMA

The organization of the chartered institute of management accountants associate. Prevalent in the UK.

ACORN

When a residential area is grouped in one of the 39 ranks. It is done by age, facilities, composition, household size, marital status, income, transportation mode, job, car ownership, and home ownership.

ACQUISITION FEE

Administrative costs including acquiring credit reports, proofing the paperwork, identifying proper insurance coverage etc. When a lease is set up.

ACQUISITION INDIGESTION

The terms of a large scale purchase of a company outlining legal and financial expectations when there will be a downscaling of positions and technologies that will keep the shareholders happy and

ACQUIT

When a person accused of a crime is legally freed by a court generally as a result of lack of evidence. This decision cannot generally be appealed unless in a special circumstance.

ACRE

A 4,840 square yard parcel of real estate. Refer to hectare.

ACROBAT READER

Software used to read and print documents. The files are in a PDF format.

ACROSS THE BOARD

When a certain area, market, or company is affected the same way by some circumstance, or a media event that is shown at the same time on all stations.

ACRYLICS

Plastics that are sheets or fibers that are made of polymerized amides, esters, and acrylic derivatives.

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