Deck 4

Question 1

Appertaining to Applicant

Answer 1

the person asking a court to do something.

Question 2

Appointee

Answer 2

the person who gets the benefit of the use of a

power of appointment.

Question 3

Appointor

Answer 3

the person who uses a power of appointment.

Question 4

Appurtenances

Answer 4

minor rights in land such as a right to do something

on the land.

Question 5

Arbitrage

Answer 5

is:
• borrowing money at a low rate of interest to
lend out again at a higher rate; or
• buying and selling in different markets to make
profits out of the price differences.

Question 6

Arbitration

Answer 6

settling a dispute by using a referee. If a dispute
goes to arbitration it is settled by an independent
referee. It avoids having to use the courts to settle
the dispute.

Question 7

Arbitrator

Answer 7

the independent referee who settles a dispute

without the need to use the courts.

Question 8

Arraignment

Answer 8

a procedure at the start of a trial when details of the
offences are read out and the defendants are asked
whether they will plead guilty or not guilty

Question 9

Arrest

Answer 9

to seize someone, usually because they are
suspected of committing a crime, and take them into
custody.

Question 10

Arrestable offence

Answer 10

a crime for which a person may be arrested without a

warrant being needed.

Question 11

Arson

Answer 11

setting fire to something to cause damage to it.

Question 12

Articles

Answer 12

the clauses in a document. A company’s articles set
out its rules. The articles form part of the
memorandum and articles of association.

Question 13

Articles of association

Answer 13

documents which set out a company’s rules.

Question 14

Assault

Answer 14

when someone threatens another person with
physical harm. Words on their own do not amount to
assault but threatening gestures do, even if the
person threatened is not touched.

Question 15

Assent

Answer 15

a document used by personal representatives to

transfer property to a beneficiary

Question 16

Asset

Answer 16

something owned such as a building, a vehicle or

money in the bank

Question 17

Assign

Answer 17

to formally transfer something, such as when
ownership of property is transferred from one person
to another.

Question 18

Assignment

Answer 18

the formal transfer of the rights to something. An
example would be a bank customer assigning to the
bank the right to receive the benefits from a life
insurance policy to give the bank security for a loan.

Question 19

Assurance

Answer 19

insurance cover for an event which will definitely

happen, such as death.

Question 20

Assure

Answer 20

to transfer the ownership of something.

Question 21

Assured

Answer 21

the person whose life is insured or who is entitled to

receive the benefit from the assurance cover.

Question 22

Assured shorthold Tenancy

Answer 22

a type of tenancy agreement under which the landlord
has the right to take the property back at the end of
the tenancy agreement.

Question 23

Attachment of earnings

Answer 23

a court order that deductions be made from a
person’s earnings. The employer pays the money
collected to the court and the court pays the money
to the people it is owed to.

Question 24

Attest

Answer 24

to sign to witness a signature on a document.

Question 25

Attorney

Answer 25

a person appointed to act for another person (such
as when someone cannot look after their own
affairs). A formal document called a power of
attorney is used to appoint the attorney.
It is also the name used for a US lawyer.

Question 26

Attorney General

Answer 26

the chief legal adviser to the Government. He or she
must be a Member of Parliament (or have a seat in
the House of Lords) and must be a barrister.

Question 27

Audit

Answer 27

an independent examination of an organisation’s
records and financial statements (report and
accounts) to make sure that:
• the financial statements show a fair reflection
of the financial position at the accounting date;
• the income and spending is shown accurately;
• the financial statements meet any legal
conditions; and
• the financial statements are drawn up clearly.

Question 28

Auditor’s report

Answer 28

a report and opinion, by an independent person or

firm, on an organisation’s financial records.

Question 29

Authorised share Capital

Answer 29

the highest amount of share capital that a company
can issue. The amount is set out in the company’s
memorandum of association.

Question 30

Authorised

Investments

Answer 30

investments in which a trustee is permitted to invest

trust money, under an Act of Parliament.

Question 31

Autopsy

Answer 31

an examination of a dead body to find the cause of

death.