money and financial problems

An act of God refers to a severe, unanticipated natural event for which no human is responsible. Despite its facial religious connections, the phrase “act of God” is frequently used in otherwise secular statutory and case law.

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).

An advancement is a gift made during a donor’s life to a family member, usually when the donor anticipates their own death. The value of the advancement is included in the calculation of the net probate estate when the donor dies. Therefore, the advancement has the effect of reducing the share of the probate estate that the family member receives by 

An adversary proceeding may refer to cases where two opposing parties resolve a dispute through a neutral third party. However, the term is more frequently used to refer to a specific type of action in bankruptcy court. 

AGI is an acronym for adjusted gross income. 

• tax

As established in UCC §9 102-5, an agricultural lien is a lien placed on farm products like farm equipment or livestock that secures payment or performance in exchange for a loan of land, goods, or money.

• secured transactions

Amortization has different meanings for loan payments and for taxes. In the context of loans, amortization refers to separating the payments for the loan principal and interest into periodic payments to where the loan is paid off at a specified time, thereby gradually reducing the debt through repayment both lender and borrower agree.

ARM stands for ‘adjustable-rate mortgage,' which is a type of home loan that has a fixed interest rate for an initial period of time then after a certain point, the rate changes, which means it is no longer a fixed interest rate but rather the interest fluctuates during the life of the loan, based on the change or move

Arrearages broadly refer to being in arrears or owing a debt. There are two main uses of the term. One refers to payments in arrears that are meant to occur after they are owed, such as wages paid a week after time is entered or for invoices. Arrearage can also mean a person or business behind on paying bills, debts, or other obligations.