ABSCOND : Running away from the law, to make yourself absent in an attempt to avoid the legal process.
A SOLEMN RELIGIOUS A : 1 Greenl. Ev.
ABATEMENT OF BEQUEST : The procedure that will be carried out when there is not enough money in an estate to fulfil all debts and bequests.
ABDICATE : Disowning, relinquishing completely and to renounce.
ABATEMENT COST : A cost that occurs because a company creates a negative byproduct. This byproduct must be removed or the effect must be reduced.
ABBREVIATED ACCOUNTS : A simplified financial statement that a specific small firm is allowed to file. It is filed with the registrar of companies in the United Kingdom. Almost half of the active UK firms have chosen abbreviated accounts for their companies. Another term for abridged accounts.
ABC INVENTORY CLASSI : The Pareto analysis as related to inventory control. There are three categories for the items in question. This is based on their revenue generation, turnover, or value. Typically this is done on the ABC model where an A is the best stock and C is the worse stock. Other terms for this concept are usage value analysis and ABC analysis.
ABATEMENT OF TAX ASS : Decreasing the amount of tax that is imposed upon a person.
A VIA : In the civil law. A grandmother. Inst. 3, 6, 3.
ABATABLE NUISANCE : Not a permanent nuisance but one that can be corrected easily as not to harm anyone.
ABATOR : A person who takes a property before the heir has a chance to get the property.
ABANDON : An investor deciding not to sell or act upon an option at the end of the contract. Also:
ABANDONED PROPERTY : The property that an owner has given up all claims, possession and rights. No designation has been given as the possessor.
ABANDONMENT OF CHILD : Deserting a child and having no intention of fulfilling any obligations to the child. Cutting off all relations and obligations to the child.
AB INITIO : Latin, for from the first act or meaning from the start.
ABDUCTION : A criminal offense. The taking by force or strong persuasion of a wife, husband, child or other person.
ABC AGREEMENT : When an employee and brokerage firm do business this is the resulting contract. It is done in the form of an outline that lists the rights of the firm. This agreement is applied when an employee opts into the New York Stock Exchange.
A TORT : French for unjustly and without reason.
ABANDONMENT OF TRADE : Giving up using a trademark and explicitly showing the intention of giving it up.
ABBROCHMENT : Purchasing items in wholesale in order to sell them as retail. This prevents competitors from buying the good creating a monopoly. Abbroachment is another term for this business transaction.
ABEND : An abnormal or abortive end to a computer program. This system crash is usually caused by a glitch or a memory overload.
A-SHARE : This share of stock features rental rights but no control rights over the company. The lack of authority generally provides a discount in price
ABET : Refer to aid and abet for further explanation.
ABANDONMENT OF SPOUS : The leaving of a husband or wife without just cause and with a deliberate intention of creating a lifetime separation.
ABANDONMENT CLAUSE : The abandonment clause gives insured parties the right to forfeit damaged property in exchange for full payment. Insurance companies take ownership of the damaged asset.
ABATEMENT : 1. Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. 2. Environment: to reduce or eliminate polluting or hazardous substances. This is done by removing them or considering a new plan of more efficient waste management. 3. Legal: A court decision that is suspended, or simply closing the case before the final decision is reached. 4. Taxation: A rebate given under special circumstances such as in aftermath of natural disasters.
ABETTOR : The person promoting or instigating the performing of a criminal act. See instigation.
ABDUCTIVE REASONING : A reasoning methodology that uses common facts that are accepted as true and using them to build your argument.
ABEYANCE : The status of real estate ownership when no clear owner is present and must be determined.
ABEYANCE IN : Being in expectation. An estate will be in abeyance when there is no one to claim it. The law does anticipate that the heir will be found and the estate will ne longer be abeyance.