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

ACTUAL LOSS

Loss in a transaction due to inflation, costs, and scrap value of an object. Refer to actual total loss.

ACTUALS

A physical commodity or financial instrument. Physical items are delivered to the buyer before expiration dates. AKA cash commodity or physicals.

ACTUARIAL

A term used to describe computations and calculations for mortality rates and pensions.

ACTUATOR

A mechanical device that controls power flow.

ACUTE EFFECT

A negative effect on animals or humans. It occurs quickly and leads to health problems. The problems leave when no longer exposed. Refer to chronic effect.

ACUTE EXPOSURE

A single exposure to a poison that causes harm or death. Refer to chronic exposure.

ACUTE TOXICITY

The effect a poison has in short or single exposure that leads to death.

ACWM

Asbestos waste. Laws are in place for special disposal.

AD CLICKS

Internet ad term that represents the amount an ad has been clicked on.

AD HOC COMMITTEE

A committee that is created to supervise a task. This is the most common committee type.

AD PAGES SOLD

The page views on an ad that a firm has sold to an advertiser. AKA the sell through rate.

AD SERVER

A computer system that has ads on it and maintains them for websites. They track and report statistics to help identify possible customers.

AD VALOREM TARIFF

Additional charges added to an item based on value not on physical characteristics.

AD VALOREM TAX

An additional charge put on an item that is a percentage of its value.

ADAM SMITH

The father of economic theory. He has written severla books on markets and economics.

ADAPTABILITY

The way a company or entity reacts to change. It requires learning and competition.

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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.