financial services

Assess

Definition from Nolo’s Plain-English Law Dictionary(1) To determine or evaluate the worth of a piece of property (real or personal), often for the purpose of calculating taxes. The assessed value is multiplied by the tax rate to determine the annual...

Assessed Value

Definition from Nolo’s Plain-English Law Dictionary

The dollar amount a public tax assessor sets in deciding what a piece of property is worth; this figure is used as the basis for calculating how much property tax is owed on the property.

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Assignment for Benefit of Creditors

Definition from Nolo’s Plain-English Law Dictionary A voluntary transfer of a debtor's property into a trust to be used to pay creditors. The trustee collects any income owed the debtor, liquidates the debtor's property that has been transferred to the...

Assume

Definition from Nolo’s Plain-English Law Dictionary1) To take over another person's rights and/or obligations. For example, one person might assume another's car lease, residential lease, or debt. 2) In bankruptcy, for the bankruptcy trustee to take over...

Assumption

Definition from Nolo’s Plain-English Law DictionarySee: assume, assumption of risk

Definition provided by Nolo’s Plain-English Law Dictionary.

Attached

Definition from Nolo’s Plain-English Law Dictionary1) In real estate, when equipment, shelving, or furniture is solidly incorporated into a structure, such as bolted to the floor or wired to the ceiling (and not capable of being removed without damage to...

Attachment

An attachment is a court order seizing specific property. Attachment is used both as a pre-trial provisional remedy and to enforce a final judgment.

Sometimes, courts attach a defendant's property as a provisional remedy to prevent the...

Audit

Definition from Nolo’s Plain-English Law DictionaryAn examination of the financial records of a person, business, or organization, typically done to correct careless or improper bookkeeping or to verify that proper records are being kept. Businesses and...

Auditor

Definition from Nolo’s Plain-English Law DictionaryA person authorized to conduct an audit to verify the accuracy of the financial records and accounting practices of a business or government. Many counties have an appointed or elected Auditor to make...

bail bondsman

Definition from Nolo’s Plain-English Law DictionaryA professional agent for an insurance company who specializes in providing bail bonds for people charged with crimes and who do not have the money necessary to post the entire bail with the court. Bail...

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