COMMERCE

Adjusted basis is the cost basis of an asset adjusted for various events during its ownership.

An adjuster is an agent who handles insurance related claims commonly commissioned by an insurance company. The adjuster participates in the investigation and settlement of the claim.

Adjustment is a settlement, allowance, or deduction made on a debt or claim that has been objected to by a debtor or creditor in order to establish an equitable arrangement between the parties.  

Adjustment date is the date on which a financial term of a contract or transaction is set to change. In real estate, it usually refers to the date on which the interest rate of an adjustable rate mortgage (ARM) changes. An ARM’s interest rate is usually fixed at a discount rate for an initial period before it is reset (or adjusted), according to the parties’ agreement, on a scheduled adjustment date to reflect current market interest rates.

Adjustment period is the time within which the interest rate on an adjustable-rate mortgage (ARM) can reset. It is the scheduled amount of time between each adjustment date.

Administer means to carry out a task or give something to someone. Administer appears in a variety of contexts in the legal field. For example:

Administrative expenses are defined under §507(a)(1) of the U.S. Bankruptcy Code, which states that claims that are given first priority distribution are those claims allowed as administrative expenses under §503(b).

Administrative forfeiture is an in rem (against the property) action that allows the property to be forfeited to the United States without filing a case in federal court. The administrative forfeiture process occurs before the agency seizes the assets if no one has filed a claim to contest the

An administrative warrant is a warrant obtained from a judge by an administrative body to search for violations of administrative rules and regulations. While similar to a criminal warrant, an administrative warrant requires a lower standard of probable cause to be granted.

Admiralty law (or maritime law) is the body of law that governs navigation and shipping. It includes substantive and procedural law.

See also: admiralty and maritime power and admiralty court.