ABDUCTION : A criminal offense. The taking by force or strong persuasion of a wife, husband, child or other person.

ABATOR : A person who takes a property before the heir has a chance to get the property.

ABATEMENT OF TAX ASS : Decreasing the amount of tax that is imposed upon a person.

ABATABLE NUISANCE : Not a permanent nuisance but one that can be corrected easily as not to harm anyone.

AB INITIO : Latin, for from the first act or meaning from the start.

ABET : Refer to aid and abet for further explanation.

ABSCOND : Running away from the law, to make yourself absent in an attempt to avoid the legal process.

ABATEMENT COST : A cost that occurs because a company creates a negative byproduct. This byproduct must be removed or the effect must be reduced.

ABRIDGMENT : A brief written work that manages to keep the meaning and essence of the original version. This term is also spelled as abridgement. Other terms that might help are abstract, digest, outline, pr

ABOVE WATER : A company who can stay out of debt and economic trouble. This causes them to have a better credit rating and investors see them as well off. They will also be rewarded with a higher line of credit.

ABNEGATE : Giving something up or to renounce.

ABRIDGED ACCOUNTS : An account that does not include detailed financial information but records the transactions of a full accounting period. Abbreviated accounts may be a definition of interest.

ABORTIVE TRIAL : A trial that is incomplete and for some reason or other is terminated before a verdict is reached.

ABSOLUTE LAW : Any law that follows the rules of nature and a law that is changeless. It may be an absolute law but in an abstract sense and not always exercised in actuality. See law of nature.

ABSOLUTE ERROR : An error expressed without any indication as to whether or not its positive or negative.

ABSOLUTE DIVORCE : A divorce that is total and final where the husband and wife return to being single.

ABSOLUTE CONVEYANCE : A deed transferring the title of property from one person to another without any conditions.

ABSOLUTE COST ADVANT : A competitive edge that allows another firm or country to obtain, reinvent, and create a good or service with lower cost. This also minimizes waste. This is also called acquired advantage.

ABSOLUTE AUCTION : An auction that has no reserve and where the highest bidder receives the item being sold.

ABSENTEE OWNER : Absentee landlord is another name for this.

ABSOLUTE QUOTA : A specific amount of inventory allowed into a country. This limits the amount of foreign goods allowed in a country at any one time. It also called a tariff rate quota.

ABSOLUTE PERFORMANCE : This is a theory used in quality control that is not achievable in reality. It is used to measure progress towards efficiency.

ABILITY TO STAND TRI : Being able to physically and mentally able to defend yourself in court. The ability depends on medical findings done by consultants appointed by the court.

ABILITY TO PAY TAX : Refer to the definition of pay principle for clarification.

ABSOLUTE : Something that is unconditional, final, complete and without any restrictions or conditions.

ABSOLUTE RIGHTS : The privileges resulting from owning property; rights from a contract relationship; the right to refuse or to make a contract with someone.

ABSOLUTE TITLE : A title that is acquired by the proprietor. This absolute title is free from any complications such as judgments or liens. It is the only title required for selling a property or getting a mortgage. It is often called a perfect title.

ABSTENTION : Refusal, from one bankruptcy court, to get involved with a matter of another court with jurisdiction

ABSORPTION VARIANCE : Acceptable variance incurred by manufactured goods from the budgeted absorption rate.

ABSORBED OVERHEAD : Applied overhead is a definition that will be helpful here.

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