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absolute title :
Best type of propert... Best type of property title that can be acquired by a registered proprietor under the registered land system prevalent in most countries. Absolute title is free from any attachment, judgment, or lien, and is accepted as a sole document of title required for selling the property or obtaining a mortgage. Also called perfect title.

ACTIVITY DRIVERS:
activity based cost... activity based costing (ABC), activity costs are assigned to outputs using activity drivers. Activity drivers assign activity costs to outputs based on individual outputs’ consumption or demand for activities. For example, a driver may be the number of times an activity is performed (transaction driver) or the length of time an activity is performed (duration driver) see DURATION DRIVERS, INTENSITY DRIVERS, TRANSACTION DRIVERS

acceleration clause :
Provision normally i... Provision normally included in loan documents, mortgage agreements, and other debt instruments (such as bonds and notes). It gives the lender the right to demand the entire loan amount (principal plus interest) to be paid at once, in case the borrower fails to make payments (defaults) or gets into serious financial difficulties. A loan document details (often in fine print) which actions or events can trigger the acceleration clause. Some banks include unspecific terms such as "if the bank otherwise deems itself insecure” to widen the scope of default. Also called call clause. See also act of bankruptcy.

Annuity:
Annuity contract is an... Annuity contract is an agreement under which the insurance company, in return for the payment of a certain sum, makes a series of agreed payments at regular intervals from a fixed date. This continues until the death of the individual on whose life the annuity is bought.

 

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