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 periodicals archive ?
Kerrin McEvoy continues to impress as a shrewd tactician and the Australian notched a near 48-1 double in the first two races on Al Qasiand Acts Of Grace.
Second in both of her maiden races to date, she chased home the useful Acts of Grace on good to firm ground over 10 furlongs at Pontefract earlier this month.