What Is an Affidavit of Title? An affidavit of title is a legal document provided by the seller of a piece of property that explicitly states the status of potential legal issues involving the property or the seller. The affidavit is a sworn statement of fact that specifies the seller of a property holds the
What Is an Administrative Charge? An administrative charge is a fee charged by an insurer or other agency responsible for administering an insurance policy to cover expenses related to record-keeping and/or additional administrative costs. It is also referred to as an “administrative fee.” Key Takeaways An administrative charge or fee is an expense charged to
What is Administrative Law? Administrative law is the body of law that governs the administration and regulation of government agencies (both federal and state). Key Takeaways Administrative law involves the administration and regulation of federal and state government agencies.Government agencies have purview over a wide variety of economic functions, such as telecommunications, the financial market
What Is an Administrative Order-on-Consent (AOC)? An administrative order-on-consent (AOC) is an agreement between an individual, business, or other entity and a regulatory body in which the offender agrees to pay for damages caused by violations and to cease activities that caused them to occur. Administrative orders-on-consent, or AOCs, are most often associated with environmental
What Is an Admiralty Court? An admiralty court is a tribunal with jurisdiction over maritime law, including cases regarding shipping, ocean, and sea laws. Historically, admiralty courts were a separate part of the court system. In modern times, these cases may be assigned within the regular court system, usually at the federal or Superior Court
What Are Admitted Assets? Insurance companies typically classify their assets into one of three categories: admitted assets, invested assets, and non-admitted or other assets. In contrast with most companies that follow GAAP accounting principles, they use statutory accounting (STAT) set by the National Association of Insurance Commissioners (NAIC) to report financial data. Under STAT accounting
Admitted insurance refers to coverage offered by insurance providers who are licensed to operate by the state insurance agency in which they’re based. These agencies govern nearly all aspects of an admitted insurance company’s operations, including capitalization requirements, policy forms, rate approvals, and claims handling. Contrarily, non-admitted insurance companies are not subject to these regulations. Key
What are Adopter Categories? Adopter categories divide consumers into segments based on their willingness to try out a new innovation or product. Key Takeaways Adopter categories divide consumers into segments based on their willingness to try out a new innovation or product.Adopter categories, as a term, is part of the Diffusion of Innovations Theory and
What Is the Advance/Decline Ratio (ADR)? The advance-decline ratio (ADR) is a popular market-breadth indicator used in technical analysis. It compares the number of stocks that closed higher against the number of stocks that closed lower than their previous day’s closing prices. To calculate the advance-decline ratio, divide the number of advancing shares by the
What Is an American Depositary Share (ADS)? An American depositary share (ADS) is an equity share of a non-U.S. company that is held by a U.S. depositary bank and is available for purchase by U.S. investors. The entire issuance of shares by a foreign company is called an American Depositary Receipt (ADR), while the individual
