An advancement is a gift made during a donor’s life to a family member, usually when the donor anticipates their own death. The value of the advancement is included in the calculation of the net probate estate when the donor dies. Therefore,...
money and financial problems
adversary proceeding
An adversary proceeding may refer to any case in which two opposing parties resolve a dispute through a neutral third party, however, the term is more frequently used to refer to a specific type of action in bankruptcy court.
...AGI
AGI is an acronym for adjusted gross income.
Adjusted Gross Income (AGI) is defined as the gross income earned by an individual minus several adjustments made to that income, such as trade and business deductions. Gross...
annuity
Annuities are long-term contracts between individuals and insurance companies that individuals typically enter into as part of retirement planning. Individuals make payments to the insurance company, which the insurance company will in...
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...
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.
...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...
automatic stay
Automatic stay is defined in two parts:
The “automatic” is in reference to the injunction that would prohibit most creditor collection activities, after the debtor has filed for bankruptcy. The “stay” begins at the moment the...back pay
Back pay refers to compensation for work that was either already performed or work that could have been performed if not for the interference of another party.
Workers’ compensation in the United States is governed by the...