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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.
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Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The Act as passed, unlike earlier versions, imposes on service providers no new obligation to furnish facilities or technical assistance to aid law enforcement in this regard, and authorizes compensation for reasonable expenditures incurred in providing such aid.
Langum presents the Mann Act as a model of the dangers inherent in attempts to legislate morality.
An "act" is revealed by a different syntax; when I speak of it in the first-person singular, a shift from it to I, I announce the act as unequivocally my own.