Assigned Risk
person whose official driving record is so poor that they cannot purchase
commercial auto insurance and must be assigned to a state operate or a
designated insurance program at high rates
Assignee
a person to whom property is transferred by sale or gift, particularly real
property
Assignment
act of transferring an interest in property or some right (such as contract
benefits) to another
Assignment For Benefit Of Creditors
method used for a debtor to work out a payment schedule to their creditor
through a trustee who receives directly a portion of the debtor's income on a
regular basis to pay the debtor's bills
Associate Justice
member of the U.S. Supreme Court appointed by the President and confirmed by the
U.S. Senate; there are eight Associate Justices and one Chief Justice that serve
for life, or until voluntary retirement or removal after being convicted after
an impeachment
Association
any group of people who have joined together for a particular purpose, ranging
from social to business, and usually meant to be a continuing organization
Assume
to take over the liability for a debt on a promissory note, which is often done
by the buyer of real property which has a secured debt upon it; "to assume the
debt"
Assumption
act of taking over the liability for a debt as part of a payment for property
which secures that debt
Assumption Of Risk
1) taking a chance in a potentially dangerous
situation, for example; by going on a ski-lift the person claims a certain
assumption of risk 2) act of contracting to take over the risk, such as buying
the right to a shipment and accepting the danger it could be damaged or
unprofitable
Assured
the person or entity that is insured