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 ?
1, "The Commissioners of Excise were not more troubled with Informations against such Persons who acted contrary to the late Act of Parliament prohibiting the Retail of Spirituous Liquors, than they are now with the Solicitations of the Friends of the Delinquents for a Mitigation, but their Honours stick close to the Letter of the Act .
Since the initial intention to act arises unconsciously, Libet asserts that religious and philosophical systems "create insurmountable moral and psychological difficulties when they castigate individuals for simply having a mental intention or impulse to do something unacceptable, even when this is not acted out.
check] What will be considered "gossip, hearsay or innuendo," which does not need to be acted upon?