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 vehicle features a Bower and Wilkins music system, Nappa leather, seats with electric adjustment and memory functions.
It's easy to get comfortable behind the wheel thanks to full electric adjustment for the front sports seats and four-way electric lumbar support.
Obviously there is a full equipment list, including all the required passive safety features but taking this to the next level by including seats with electric adjustment, digital entertainment, power boot lid, four-zone air con and information centre you will add another pounds 10,000 to the basic car's price.
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.
Up front, the leather clad sports seats are impressively supportive and boast heating and cooling functions as well as electric adjustment while other kit includes climate control, satnav, head-up display, lane keep assist, blind spot monitoring, a 10-speaker Pioneer sound system with DVD player and DAB radio and a 12.3 inch multimedia display screen.
The seats are wrapped in Alcantara leather trim and feature eight-way electric adjustment and seat heaters for both the driver and front passenger.
Sport models and above add upgrades such as front sport seats with electric adjustment and sports suspension which will be standard on S line models only and optional for the Sport grade.
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, a front-seat centre arm rest, USB and Bluetooth connectivity with steering wheel remote controls.
The standard spec also included LED running lights, emergency tyre inflation kit, cruise control and electric adjustment for the driver's seat.
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.