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 ?
This is the unity that is pointed to in an act as exhibition--I show myself; that is sounded in an act as expression--I announce myself; and that is told in an act as connection--I evoke myself.
PEC intends to operate ACT as a wholly owned subsidiary under its Civilian Government Sector.
Based on its review of the Bill, Standard & Poor's is revising certain of its criteria for structured finance transactions that include New Mexico loans governed by the Act as set forth in its prior release on loans governed by the Act (see "Standard & Poor's Addresses New Mexico's Home Loan Protection Act," (NM Nov.