adjustment

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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.

adjustment

References in periodicals archive ?
If you want more equipment, the RX at pounds 22,255 gains keyless entry, electric sunroof, rear privacy glass, full leather and electric adjustment of the driver's seat.
If you want more equipment, then the RX at pounds 22,255 will give you keyless smart entry, an electric sunroof, rear privacy glass, full leather trim and electric adjustment of the driver's seat.
It is available with leather trim for the seats, steering wheel and gear stick, retractable mirrors with puddle lights, electronic climate control, auto dimming rear view mirror, integrated booster seats for the rear seats and electric adjustment for the drivers' seat.
On top of the leather and climate control, the driver's seat has electric adjustment, there's cruise control - very useful on the motorway - folding mirrors and the front seats are heated for those cold mornings.
The front seats are heated and have eight-way electric adjustment.
The LS will add climate control air-con, bigger alloys with Michelin tyres, electronic stability programme with traction control, leather upholstery with electric adjustment for the driver's seat and front seat heaters, rear parking sensors, trip computer and front fogs.
Its special features include striking ten-spoke 16-inch alloy wheels with fat, low profile tyres, sports front seats with side bolsters and electric adjustment for the driver, a Momo sports steering wheel, and twin sunroofs with electric operation.
There is satellite navigation, Xenon headlights, rear parking aids, rain-sensing windscreen wipers, electric adjustment for front seats and steering wheel, plus a raft of safety equipment.
Six-way electric adjustment for the driver's seat helps to deliver an easilyarrived-at driving position in the hugely supportive, leather-trimmed, new "comfort" seats.
There's stacks of electric adjustment for the driver's seat plus good rake and reach movement on the steering wheel which combine well to produce a driving position to suit most folk and, while life was very comfortable for two in the rear of the old model, increased leg and headroom should now make the rear seating even more accommodating.
Leather upholstery not only looks great, but keeps you cool and the front seats have every-which-way electric adjustment.
But the design and contents improvements deserve a clap, particularly the seating improvements, which now include six-way electric adjustment for the driver.