Free; not holden of any lord or superior; owned without obligation of vassalage or fealty; the opposite of feudal. Barker v. Dayton, 28 Wis. 3S4; Wallace v. Ilarmstad, 44 Pa. […]
A | Page 70
A
ALLODIAL SYSTEM
A system that monitors real estate in the US. The only limitations are set by the government, police, and taxes.
ALLODIUM
Land held absolutely in one’s own right, and not of any lord or superior ; land not subject to feudal duties or burdens. An estate held by absolute ownership, without […]
ALLOGRAPH
A document not written by any of the parties thereto; opposed to autograph.
ALLONGE
When the indorsements on a bill or note have filled all the blank space, it is customary to annex a strip of paper, called an “allonge,” to receive the further […]
ALLOT
To apportion, distribute; to divide property previously held in common among those entitled, assigning to each his ratable portion, to be held in severalty; to set apart specific property, a […]
ALLOTMENT
Partition, apportionment , division ; the distribution of laud under an inclosure act, or sharesin a public undertaking or corporation .
ALLOTMENT LETTER
A receipt for securities that an applicant can have for a new issue. Its a certificate and can be renounced on a specific date. The rights can be renounced or […]
ALLOTMENT NOTE
In English law . A writing by a seaman, whereby he makes an assignment of part of his wages in favor of his wife, father or mother, grandfather or grandmother […]
ALLOTMENT SYSTEM
Designates the practice of dividing land in small portions for cultivation by agricultural laborers and other cottagers at their leisure, and after they have performed their ordinary day’s work. Wharton.
ALLOTMENT WARDEN
By the English general inclosure act. 1S45.
ALLOTTEE
One to whom an allotment Is made, who receives a ratable share under an allotment; a person to whom land under an inclosure act or shares in a public undertaking […]
ALLOW
To grant, approve, or permit; as to allow an appeal or a marriage; to allow an account. Also to give a fit portion out of a larger property or fund. […]
ALLOWABILITY
A cost that is reasonable, alloccabile, fits the GAAP, and fits contract terms.
ALLOWABLE ORDER COST
The amount spent on getting new customers without reducing profits. The customers lifetime value is used to get this figure. Their purchases will have this cost taken out of it […]
ALLOWANCE
A deduction, an average payment, a portion assigned or allowed: the act of allowing.
ALLOWANCE FOR DEPRECIATION
The amount of value lost and thusly taken off the asset cost.
ALLOWANCE FOR DOUBTFUL ACCOUNTS
A way to prevent unpaid payments on a financial report .
ALLOWANCE METHOD
When a rule is made to cover debts with a percent of profits. Any loss or excess in the next period will taken care of in the next period. The […]
ALLOWANCE PENDENTE LITE
In the English chancery division, where property which forms the subject of proceedings is more than suffi cient to answer all claims in the proceedings, the court may allow to […]
ALLOWANCE TO REDUCE INVENTORY LCM (LOWER COST OF MARKET)
When credit is given on a purchase while a debit is put on the inventory expences.
ALLOWED CLAIM
any debt that is legal and is entitled to be paid.
ALLOY
An inferior or cheaper metal mixed with gold or silver in manufacturing or coining. As respects coining, the amount of alloy is fixed by law , and is used to […]
ALLOY STEEL
When an iron based alloy has silicon, copper, manganese, and tungsten added to it to make a steel. Any steel with non standard amounts of the above elements is carbon […]
ALLOYING ELEMENT
A metal or non metal that can be added to a base metal to make it better.