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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 ?
PCSupt Archie Francisco F Gamboa - The Acting Director, Directorate for Comptrollership;
In the Board's view, the commenter had ample opportunity to submit its views, and in fact, the commenter has submitted written comments that the Board has considered carefully in acting on the proposal.
I am adept at labels--believer, unbeliever, atheist, theist, liberal, conservative, and so on--which permit me to put another behind a curtain, even to put myself behind a curtain by taking "roles" and "positions." I know how easy it is to find "reasons" for not having acted (which is not the same thing at all as acting to remain aside).
Staying in one uncomfortable position or role is often far more comfortable than acting to get out of the rut into an unknown.
This unholy mix of acting out and turning off is virtually a character structure in our society.
The Thomas family failed to file prior written notice of the acquisition and failed to submit evidence rebutting the presumption that they were acting in concert and acquired control of First Western.
T argues that the delay during that period was the result of a delay by IRS employees acting in their official capacity, in performing ministerial acts.
The study of "object relations" (both a focus in psychoanalytic theory and a specific school of analysis) is where splitting and acting out ware assigned the terms of their transferential cure: the acting-out patient, who has a low threshold of tolerance for ambivalence, sets his relations in the concrete by splitting and bouncing apart his "objects" into "good" and "bad." In the everyday life of the child we can observe little one, once the tantrum subsides, announce that the bad child is gone now and the good one is back.
(c) from violating any voting agreement previously approved by any Federal banking agency; or (d) from voting for a director, or from serving or acting as an institution-affiliated party as defined in section 3(u) of the FDI Act (12 U.S.C.
In some circumstances, authorizes providers to permit law enforcement officials and persons acting for them to intercept without a warrant communications of "computer trespassers" (persons who access protected computers without authorization).
In general, an organization may be held accountable for the criminal acts of its agents under a theory of respondeat superior where the agents were acting, at the time of the offense, within the scope of their employment or agency.
In acting on a proposal under section 3 of the BHC Act, the Board must consider the effects of the proposal on the convenience and needs of the communities to be served and take into account the records of the relevant insured depository institutions under the CRA.