What Is an Anti-Indemnity Statute? An anti-indemnity statute is a law defining how much risk can be transferred between parties in a contract and is oftentimes used in construction contracts. Key Takeaways An anti-indemnity statute is a law defining how much risk can be transferred between parties in a contract and is oftentimes used in construction contracts.An
What Is the Anti-Martingale System? The anti-Martingale, or reverse Martingale, system is a trading methodology that involves halving a bet each time there is a trade loss and doubling it each time there is a gain. This technique is the opposite of the Martingale system, whereby a trader (or gambler) doubles down on a losing
What Is an Anti-Takeover Measure? An anti-takeover measure is any action that is taken on a continual or sporadic basis by a firm’s management to prevent or deter unwanted takeovers by another firm or group of investors. The attempts of an acquiring company are usually known as a hostile takeover, as it is unwanted by
What Is Antitrust? Antitrust laws are regulations that encourage competition by limiting the market power of any particular firm. This often involves ensuring that mergers and acquisitions don’t overly concentrate market power or form monopolies, as well as breaking up firms that have become monopolies. Antitrust laws also prevent multiple firms from colluding or forming
What Is an Any-Occupation Policy? An any-occupation policy is a type of disability insurance that categorizes the kind of work for coverage purposes. Any-occupation coverage provides for when the insured is unable to work in a job that is reasonably suitable for them based on their education, experience, and age. An any-occupation policy terminology, as
What Is an Asset-or-Nothing Put Option? An asset-or-nothing put option provides a fixed payoff if the price of the underlying asset is below the strike price on the option’s expiration date. If instead it is above the strike price, then the option expires worthless. Asset-or-nothing put options are a type of binary option, which are
What Is an APB Opinion? An APB opinion is an authoritative pronouncement issued by the Accounting Principles Board (APB). The board gave official opinions on various accounting issues that required clarification or interpretation. The APB listed 31 separate opinions during its existence. The American Institute of Certified Public Accountants (AICPA) created the APB in 1959
What Is an Appeal Bond? An appeal bond is an amount of money placed in holding while an appeal is being decided. An appeal bond is supplied by the appellant who is appealing the lower court’s judgment and is usually in the amount of the original judgment (though it could be more). An appeal bond
What Are Appellate Courts? Appellate courts, also known as the court of appeals, are the part of the American judicial system that is responsible for hearing and reviewing appeals from legal cases that have already been heard in a trial-level or other lower court. Persons or entities such as corporations that experience an unsuccessful outcome
What Is the Apple App Store? The Apple App Store is a digital distribution platform where individuals can buy and download digital software and applications. Apps—an abbreviation of the word “applications”—are software tools that provide additional functionality to an operating system. Apps purchased from the Apple App Store are stored in the iCloud—a cloud storage and
