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 ?
The 200 is sporting in nature with a lovely interior, great looking unusual instruments and superb leather seats with electric adjustment.
Electric adjustment and heating is added for the leather-upholstered sports seats, and there is DVD satellite navigation and a CD changer playing through a 465-watt Bang & Olufsen audio system.
It features full-LED headlights, LED daytime running lights, LED turn indicators, LED tail lights, heated mirrors with electric adjustment and power folding, 18-inch alloy wheels, dual muffler tips, leather steering wheel, heated front seats, 8-inch infotainment system with navigation and Apple CarPlay support, 7-speaker JBL Premium Sound music system, 7 airbags, Electronic Stability control (ESC), Vehicle Stability Management (VSM), Advanced Traction Cornering Control (ATCC), Hill-Start Assist Control (HAC), Blind Spot Detection (BSD) and Emergency stop signal (ESS).
The entry-level version is equipped with air conditioning, remote central locking, front electric windows, body-coloured door mirrors with electric adjustment, six airbags, DAB digital radio, chrome door handles, split rear seats and USB and Bluetooth connectivity with steering wheel remote controls.
Equipment is generous across the range and my car boasted pretty much all the creature comforts, including heated front sports seats with electric adjustment, dualzone climate control, seven-inch multimedia screen with Lexus' mouse-style remote controller, rear view camera and automatic lights and wipers.
That one ups the goodies count to include bigger alloys, cruise control, keyless entry, satellite navigation on a big central colour screen, bright high intensity headlights, wireless charging pad for (the right) mobile phones, electric adjustment for the driver's seat and a powered tailgate.
And talking of winter the latest version now comes with heated Milano leather-upholstered seats with electric adjustment, so you can get your driving position just right.
The interior is superb, featuring great leather seats which are worth a review all on their own coming as they do with heating, air conditioning and electric adjustment.
Electric adjustment and heating is added for the leather-upholstered sports seats and there is DVD satellite navigation and a CD changer playing through a 465-watt Bang & Olufsen audio system.
Standard features over the SE include electric adjustment of the half-leather front seats, six-disc CD autochanger, rear parking aid, a multi-function colour display screen and a Bluetooth handsfree telephone kit.
I liked the large digital speedo readout in the centre of the dashboard and I thought the 'fixed hub' steering wheel an excellent idea Seats, leather clad in the "Exclusive" test car, were snug, comfortable and offered a good degree of support with electric adjustment for the driver.
0-inch touchscreen infotainment system with satellite navigation, dual-zone automatic climate control, ventilated front seats with 8-way electric adjustment, Electronic Parking Brake (EPB), AEB (Autonomous Emergency Braking), BSD (Blind Spot Detection), LKAS (Lane Departure Warning System with Lane Keep Assist), SCL (Static Cornering Lights) and Tyre Pressure Monitoring System (TPMS).