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Adjustment |
Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
Adjustment 1. A tax deduction taken on a loss, especially on bad debt or accounts receivable that will likely not be collected. One is not liable for income that is not actually realized. 2. In insurance, a payment on a claim. For example, if one has homeowner's insurance and his/her house floods, he/she is entitled to an adjustment, so long as the insurance covers flooding. Arriving at the amount of the adjustment is a complex process and insurance companies employ full-time adjusters to investigate claims and determine what amount, if any, the adjustment should be. 3. In an adjustable-rate mortgage, a change in the interest rate paid on the mortgage. The adjustment may be upward or downward. See also: Adjustment frequency. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Adjusted Debit Balance adjusted exercise price Adjusted Funds From Operations Adjusted Gross Income Adjusted Present Value adjusted sales price adjusted tax basis Adjustment adjustment bond Adjustment Frequency Adjustment in Conversion Terms Adjustment Interval Adjustment to Income adjustments Adjustments to Income |
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