A clause in life insurance that pays double or triple based on the accidental death of the insured. There are many restrictions . AKA accidental means provision or accidental result […]
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ACCIDENTAL KILLING
Any death that comes about from a lawful act that is done on the assumption that no harm will result. Involuntary manslaughter results from an unlawful act .
ACCIDENTAL MEANS
An uncontroled cause that leads to bodily injury . The injury and the incident must be accidental according to insurance policy . Refer to accident.
ACCOMMODATING RESPONSE
When management accepts responsibility for environmental problems due to the manufacturing process. Refer to defensive response , obstructive response , and proactive response .
ACCOMMODATION
Placing anothers concerns befor your own to solve an issue. This is a good low stakes move to encourage long term business. Refer to accomodations.
ACCOMMODATION BILL
A bill signed by a third party who is the guarantor for no additional fee. It is discounted based on the guarantor’s financial stability. AKA accomodation note, accomodation paper, and […]
ACCOMMODATION LINE
A change to insurance where more coverage is given raising the commission because of the premium raise.
ACCOMMODATION LOAN
A loan given that will not benefit the lender.
ACCOMMODATION NOTE
A promissory or IOU note where a person that is not the original borrower has put there name. The second person assumes responsibility for payments when the original borrower fails […]
ACCOMMODATION PAPER
Any note that is signed by another person that helps the person obtain a loan.
ACCOMMODATION PARTY
A party that guarantees a loan for another party with no benefit to themselves. AKA accommodation endorser.
ACCOMMODATIONS
Making it easy for disadvantaged groups to access and use an establishment . Refer to accommodation .
ACCOMMODATIVE MONETARY POLICY
Stimulating economic growth by giving out more money. It decreases federal funds wrth making money easier to borrow. Refer to federal open market committee, tight monetary policy and federal reserve
ACCOMPANIED SHOPPING
When a shopper is asked questions while shopping about the experience. Night clubs and athletic centers use this method. Refer to solitary shopping or shopping alone.
ACCOMPLICE
A party who agrees to a crime as the main criminal or in accessory.
ACCOMPLISHED
A skilled person in a speficic area. Or the past tense of accomplish.
ACCOMPLISHED BILL OF LADING (B/L)
An original copy of a bill of landing for an order that must be shipped.
ACCORD
The agreement between parties to settle their claims and differences.
ACCORD AND SATISFACTION
When two parties sign a contract that releases the other in return for some compensation .
ACCORD EUROPEAN RELATIF AU TRANSPORT INTERNATIONAL DU MERCHANDIS DANGEREUSES PAR ROUTE (ADR)
An agreement in Europe that is given to goods shipped by motor vehicle. These goods are dangerous and must be handled carefully. Similar to the DOT hazard code in the […]
ACCOUNT
A record of changes in financial matters such as assets, goods, and services. Legally it is a contract to report amounts due or recieved.
ACCOUNT ACTIVITY
The movement of funds in an account. An account statement is the resulting document.
ACCOUNT AD VALOREM DUTY
A tax placed on at item based on a percentage of the value.
ACCOUNT ANALYSIS
The activity summary of an account over a period of time. Or the change in cost behavior over time.
ACCOUNT BALANCE
The balance of an asset or liability during a specific period of time.