Act

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Act

1. See: Activity.

2. In insurance, any deed, especially one that foregoes the possibility of coverage. For example, life insurance policies rarely extend coverage if the policyholder commits suicide. In this case, the suicide is called an act.

ACT

see ADVANCE CORPORATION TAX.
References in classic literature ?
The love is not the sort your worship is thinking of," said the galley slave; "mine was that I loved a washerwoman's basket of clean linen so well, and held it so close in my embrace, that if the arm of the law had not forced it from me, I should never have let it go of my own will to this moment; I was caught in the act, there was no occasion for torture, the case was settled, they treated me to a hundred lashes on the back, and three years of gurapas besides, and that was the end of it.
You may as well face the matter,' said I; 'you have been caught in the act, and no confession could make your guilt more heinous.
Caught in the act, and somewhat flurried he hastily shuts and locks his desk.