1031 exchange (also called a tax-deferred exchange or a Starker exchange) refers to the ability of investors and organizations to replace one investment for a similar one instead of keeping the proceeds. For certain transactions, the exchange allows the investor or organization to defer capital gains taxes until the new investment is actually sold for the proceeds.
A/R is the abbreviation for accounts receivable.
[Last reviewed in June of 2022 by the Wex Definitions Team]
Ab initio is a Latin term that means "from the beginning” or “from inception.” Ab initio is used to indicate that some fact existed from the start of a relevant time period. It is often used as part of the phrase “void ab initio,” meaning something – such as a marriage – was void from the beginning.
An “abandoned application” refers to the abandonment of a patent or trademark application. An application is removed from the docket of pending applications at the U.S.
Abandoned property is personal property that was left by an owner who intentionally relinquishes all rights to its control. Real property may not be abandoned (see also adverse possession).
An abatement clause is defined as a provision in a lease agreement that releases the tenant from paying rent if an act of God makes occupancy impossible or otherwise precludes the property from being used.
See also: Abatement
Abercrombie classification, taking its name from the case Abercrombie & Fitch Co. v. Hunting World Inc., is a system designating how distinct a given trademark is for the purposes of intellectual property law.
The absolute bar rule prohibits a creditor who disposes of collateral in a commercially unreasonable manner from obtaining a deficiency judgment.
For example:
Accelerated filer is a class of reporting company which has shorter deadlines to file their periodic reports.
