Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.


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.


References in periodicals archive ?
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.
Body image difficulties have also been shown to be a significant predictor of negative psychosocial adjustment (Rybarczyk et al.
29 /PRNewswire/ -- SVPCO-Check Services, the national check processing business of The Clearing House Payments Company, today launched SVPCO Online Adjustments, the next generation in online adjustments and the powerful successor to SVPCO's EDIBANX online adjustments platform.
For depository institutions that report quarterly, the low reserve tranche adjustment and the reserve requirement exemption amount adjustment will apply to the seven-day reserve computation period that begins Tuesday, December 21, 2004, and the corresponding seven-day reserve maintenance period that begins Thursday, January 20, 2005.
99-32, (51) which permits establishment of a non-interest-bearing intercompany account receivable or payable, as of the end of the taxable year in question, that must be paid within 90 days after the later of the return due date for the adjustment year or the APA's effective date.
If a comparable property is superior to the subject property to which it is being compared, then a negative or minus adjustment is made to take the comparable property from its superior position down to an equal level with the subject property.
Any adjustment to the main (outer) lip opening will also affect the venturi established by the height setting of the first (inner) cone.
Fourth-quarter expense adjustment The IASC would require a company to remeasure its defined-benefit obligations and plan assets at the end of the fiscal year, with the resulting actuarial gains and losses reflected in the current year's expense.
The primary question remains whether reducing inflation adjustments to a more accurate measure is good public policy.