Lat. In the civil law . A field ; land generally. A portion of land inclosed by definite boundaries. Municipality No. 2 v. Orleans Cotton Press. 18 La. 107, 36 […]
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AGFLATION
When food prices go up due to demand. This can come from consumption or energy needs.
AGGER
Lat. In the civil law . A dam, bank or mound. Cod. 9, 3S; Townsh. PI. 4S.
AGGLOMERATION DISECONOMIES
The loss caused by agglomeration. The usual reason is not knowing how the other company works due to it being in an unrelated field.
AGGRAVATED ASSAULT
An assault with circumstances of aggravation , or of a heinous character, or with intent to commit another crinio. In re Burns (C. C.) 113 Fed. 992; Norton v. State. […]
AGGRAVATED DAMAGES
Extra damages added to a defendant caused by mental distress.
AGGRAVATING CIRCUMSTANCE
A condition that makes the accused more liable. The more severe punishment is given to cases with brutality. Refer to mitigating circumstance .
AGGRAVATION
Any circumstance attending the commission of a crime or tort which increases its guilt or enormity or adds to its injurious consequences, but which is above and beyond the essential […]
AGGRAVATION OF DAMAGES
the increase in damages that is awarded to the plaintiff due to the circumstances surrounding the injury. It could be due to the defendant using exceptional malice carrying out the […]
AGGRAVATION OF DISABILITY
the injury that is superimposed on an original injury that is often encountered in a worker’s compensation disability.
AGGREGATE
Composed of several; consisting of many persons united together. 1 Bl. Comm. 469.
AGGREGATE AND SOLE
A corporation sole is one consisting of one person only, and his successors in some . particular station, who are incorporated by law in order to give them some legal […]
AGGREGATE CORPORATION
See CORPORA- TION.
AGGREGATE DEMAND
The total amount spent on final goods and services. In an open economy this is generally considered to be the sum of consumption , investment, government spending, and net exports. […]
AGGREGATE EXCESS OF LOSS REINSURANCE
A REINSURANCE agreement where the REINSURER provides the CEDING INSURER with coverage on a large number of small losses arising from multiple policies, once an agreed ATTACHMENT point has been […]
AGGREGATE EXPENDITURE (AE)
The national income similar to the GDP. The total goods in a country purchased are used to get to this figure.
AGGREGATE INCOME
All incomes in the economy without inflation or taxes. Or combining a married couples incomes for joint taxes.
AGGREGATE INDEMNITY
The total INSURANCE coverage an INSURED has against a specific RISK , generally a combination of a primary policy and one or more secondary policies.
AGGREGATE LIABILITY
the total amount that is covered by a liability insurance policy. It may cover a set amount for a claim and an aggregate amount for several claims of similar nature. […]
AGGREGATE LIMITS
The most medical and liability insurance can cover no matter how much is needed.
AGGREGATE MORTALITY TABLE
Data used to decide how much life insurance to give. Its just part of the complicated math involved in life insurance.
AGGREGATE PLANNING
planning for 3 to 18 months only. Manufacturers use this to reduce mixing input in products.
AGGREGATE PRODUCT LIABILITY LIMIT
The most insurance a company will pay to a policy holder no matter how much a claim is.
AGGREGATE STOP LOSS INSURANCE
An INSURANCE contract that becomes effective once a company
AGGREGATE SUPPLY
All goods and services at any level in an economy. AKA total output.