An annual percentage rate (APR) is the yearly rate charged for a loan or earned by an investment. In other words, it is a measure of the cost of credit, expressed as a yearly rate. APR includes interest as well as other fees associated with the transaction. It is calculated by multiplying the interest rate per payment period by the number of such payment periods in a year.
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 turn invest. Insurance companies will then make regular disbursements to the individual, which are guaranteed for an agreed upon per
An annulment is a legal procedure that voids a marriage and declares it null from its inception. Unlike divorce, the effect of declaring a marriage void is retroactive, meaning that the marriage was void at the time it was entered into. It applies when an impediment to a legal marriage existed at the beginning of the marriage.
An antenuptial agreement or a prenuptial agreement is an agreement made between parties before getting married, permitting them to individually retain certain assets during the marriage and after the marriage if divorce arises.
Anticipation is the performance of an act or obligation before it is legally due. Some common uses of the term “anticipation” in a legal sense include:
Anticipatory breach occurs where one party of a contract states or demonstrates their intention not to fulfill their contractual obligations (also known as repudiation) prior to when performance from that party is due.
Antitrust violations occur when antitrust laws, or laws protecting trade and commerce from abusive practices such as price-fixing, restraints, price discrimination, and monopolization, are broken. The three key federal statutes in Antitrust Law are Sherman Act Section 1, Sherman Act Section 2, and
Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. This power arises only if a third party reasonably infers, from the principal's conduct, that the princip
An annual percentage rate (APR) is the yearly rate charged for a loan or earned by an investment. In other words, it is a measure of the cost of credit, expressed as a yearly rate. APR includes interest as well as other fees associated with the transaction. It is calculated by multiplying the interest rate per payment period by the number of such payment periods in a year.
