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 ?
He declared that he had a strong compulsion for masturbation all the time with a component of self-guilt associated with it, and tried to destroy the parts involved in the compulsive act.
Another type, that he calls ''ground zero,'' is someone who suddenly appears out of nowhere to commit a compulsive act, like the killing of a police officer, and that by definition can neither be detected in advance nor prevented.
Mr Constantine added: "This was almost a compulsive act.