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 ?
Before White Fang could spring in and deliver the fatal stroke, and just as he was in the act of springing in, Collie arrived.
Perforce, in this enlightened age, we have much to blush for in the acts of our ancestors.
Additional provisions in the Act permit retroactive application of the terrorist provisions.