Deck 2 Flashcards
Actuary
an expert on pension scheme assets and liabilities,
life expectancy and probabilities (the likelihood of
things happening) for insurance purposes. An
actuary works out whether enough money is being
paid into a pension scheme to pay the pensions
when they are due.
Actus reus
an act which is illegal, such as theft.
Additional voluntary
contribution (AVC)
extra money people in occupational pension
schemes can pay in to increase their pension
benefits.
Ademption
when a gift in a will cannot be made because the
item no longer exists.
Ad hoc
for a particular purpose. For example, a committee
set up to deal with a particular situation is an ad hoc
committee.
Ad idem
in agreement.
Ad infinitum
endlessly or forever
Adjourned sine die
when a court case has no date fixed for it to
continue.
Adjournment
postponing a court hearing.
Adjudge/adjudicate
to give an official judgement about something. For
example, if someone cannot pay their debts a court
may adjudge them bankrupt.
Adjudication order
the former name for a court order which made
someone bankrupt. It has now been replaced with
the term bankruptcy order.
Administration order
an order made by a county court when a person or a
company cannot pay their debts. Normally the court
orders that the debts are repaid by instalments and as
long as the debtor keeps to the order the creditors
cannot do anything else to recover their money.
Administrator
someone who has been appointed:to manage the
affairs of a bankrupt business; or to manage the
estate of someone who has died without leaving a
will.
Admissibility of Evidence
which evidence can be presented in court. Evidence
must be relevant to the case but even some relevant
evidence cannot be presented, such as hearsay or
evidence of little value. The judge decides whether or
not evidence can be used in the case.
Admission
one side in a case agreeing that something the other
side has alleged is true.
