adjustment


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Adjustment

1. A tax deduction taken on a loss, especially on bad debt or accounts receivable that will likely not be collected. One is not liable for income that is not actually realized.

2. In insurance, a payment on a claim. For example, if one has homeowner's insurance and his/her house floods, he/she is entitled to an adjustment, so long as the insurance covers flooding. Arriving at the amount of the adjustment is a complex process and insurance companies employ full-time adjusters to investigate claims and determine what amount, if any, the adjustment should be.

3. In an adjustable-rate mortgage, a change in the interest rate paid on the mortgage. The adjustment may be upward or downward. See also: Adjustment frequency.

adjustment

References in periodicals archive ?
Since the provisional adjustment has been granted to K-Electric by NEPRA till the month of November 2016, therefore for the remaining 29 months (December 2016 to June 2019) the company has requested fuel price adjustment.
We really need the inflation adjustment so they can continuously provide proper service to the public," he added.
LESCO in its application for adjustment of first and second quarter for FY 2017-18 said in furtherance of consumer end current notified tariff vide S.R.O No.
The IFR also explained that the Inflation Adjustment Act imposed a 150% increase cap on adjustments calculated under the catch-up provision.
developed a mold system including a carrier platform with at least two adjustment mechanisms.
Under the new policy, the bunker adjustment factor for flights at above 800 km will be changed from the original CYN150 to CYN140.
Keywords: Work adjustment, Expatriate managers, International human resources management, Latin America.
As a result of the audit, the IRS proposed an adjustment to increase 2004 income by $100,000.
His presentation is entitled "Community Engagement--A Catalyst for Economic Adjustment".
Youth who become overwhelmed by risk historically have been viewed by researchers and practitioners as lacking resilience, in contrast to those showing better adjustment in the face of risk factors (Anthony, 1974).
* Because account reconciliations are so important under Sarbanes-Oxley, companies should adopt a continuous improvement process with the goal of reconciling all accounts before the post-closing adjustment review process.
The adjustment and unitrust provisions, which must comply with detailed notice and beneficiary consent requirements, will prove important to trustees and their advisers.