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 ?
A psychometric analysis of the Mental Adjustment to Cancer Scale.
The new gauge would be used to make the annual adjustments to government benefits and tax brackets that are currently being made by the CPI.
It's a good idea to note the exact adjustment formula, because this will determine important parameters for the hedge.
These base royalty and bonus royalty amounts were decreased by an aggregate of $248,439, representing negative adjustments of $148,793 and $99,646, respectively, to base royalty and bonus royalty amounts credited to the Trust during the first three calendar quarters of 2006, which adjustments resulted primarily from changes in the prices of iron ore pellets shipped under supply agreements between Northshore, Northshore's parent Cleveland-Cliffs Inc ("CCI") and certain of their customers (the "CCI Pellet Agreements").
As a result of the audit, the IRS proposed an adjustment to increase 2004 income by $100,000.
Anyone interested in learning how to respond to the adjustment, recovery and diversification needs of the North are being encouraged to attend the Adjustment Action Summit.
During its post-closing adjustment review process, the company should accumulate and review any significant nonposted reconciling items identified from the reconciliations and other uncorrected/unrecorded accounting entries identified during other review processes to determine whether the books should be reopened and any or all of these entries posted.
With the adjustment power, the trustee could allocate some of the capital gain to an income beneficiary, even though that gain is principal.
Research on accident-caused amputation, herein referred to as traumatic amputation, has generally found that psychological adjustment gradually occurs postinjury (Livneh, Antonak, & Gerhardt, 1999; Matsen, Malchow, & Matsen, 2000).
For depository institutions that report weekly, the low reserve tranche adjustment and the reserve requirement exemption amount adjustment will apply to the fourteen-day reserve computation period that began Tuesday, November 23, 2004, and the corresponding fourteen-day reserve maintenance period that begins Thursday, December 23, 2004.
For instance, if the primary adjustment increases the U.
A specific adjustment is made for each characteristic.