commercial activities

appreciation

Appreciation is an increase in an asset’s value, usually due to inflation or other external economic factors (the opposite of depreciation).

In more common parlance, appreciation may also be recognition or understanding of...

APR

An annual percentage rate (APR) is the yearly rate charged for a loan or earned by an investment. In other words, it is a measure of the cost of credit, expressed as a yearly rate. APR includes interest as well as other fees associated with...

arbitrator

An arbitrator is a neutral third party that oversees the alternative dispute resolution method of arbitration. While arbitration as a whole is governed by the Federal Arbitration Act, the requirements to become an arbitrator are determined...

ARM

ARM stands for ‘adjustable-rate mortgage’, which is a type of home loan that has a fixed interest rate for an initial period of time, then after a certain point the rate changes, which means it is no longer a fixed interest rate, but rather...

arm's length

“Arm’s length” is an expression which is commonly used to refer to transactions in which two or more unrelated and unaffiliated parties agree to do business, acting independently and in their self-interest. In transactions “at arm’s length”,...

arrearages

Arrearages broadly refers to being in arrears or owing a debt. There are two main uses of the term. One refers to payments in arrears that are meant to occur after they are owed, such as wages paid a week after time is entered or for invoices...

arrears

Arrears is defined as debt that has accumulated and that has not yet been paid upon the due date. For instance, if someone falls $5000 behind in paying for their mortgage, then they have built up $5000 in arrears. See also: arrearages.

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arson with intent to defraud an insurer

A party who intentionally sets fire to their property with the purpose of collecting insurance money on that property is guilty of arson with the intent to defraud an insurer. Arson with the intent to defraud an insurer is a state law offense...

ART

Alternative Reproductive Technology (ART), also known as assisted reproductive technology, can be defined as an alternative to traditional reproduction, used by persons who are infertile. It is also a term that encompasses in vitro...

Article III

Article III refers to Article III of the Constitution, the section of the Constitution that authorizes a federal court system. This provides that federal courts have judicial power over all cases and controversies arising under the...

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