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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 ?
He then returned to Ireland to stand at Derrinstown, from where he has sired the winners Acts of Grace, Gesture, and Secret History, as well as several more stakes performers.
Kerrin McEvoy continues to impress as a shrewd tactician and the Australian notched a near 48-1 double in the first two races on Al Qasiand Acts Of Grace.
Second in both of her maiden races to date, she chased home the useful Acts of Grace on good to firm ground over 10 furlongs at Pontefract earlier this month.