Act

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Act

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.

ACT

see ADVANCE CORPORATION TAX.
References in periodicals archive ?
These limits, and thus the general interruption, continue (in full or in part) until the father is able to resume enacting the meaningful fatherhood roles he enacted prior to incarceration (if this ever occurs).
It has been widely publicized that the Texas Legislature recently ended a third special session without enacting legislation to reform the state's school financing system.
economy demonstrate the continuing reasons for enacting the moratorium in the first place:
But if Congress does have such authority, [section] 1623 does not preclude any state from enacting undocumented student legislation, due to the word "unless." A flat bar would not include such a modifier.
In conclusion, we respectfully urge the Congress to seize on a bipartisan basis every possible opportunity for developing and enacting simplification measures along the lines of the enclosed recommendations.
Congress should be prohibited from enacting any unfunded federal mandates that the states have to finance, the NFIB says.
Accordingly, in addition to enacting broad tax legislation, states have expanded their audit activity.
Although acknowledging that the Administration had identified a significant issue requiring action, TEI's testimony last spring urged Congress to move cautiously before enacting legislation.
Before enacting new legislation, the Ways and Means Committee is right to ask whether there are additional steps that can be taken under current law.
The staff of the Joint Committee on Taxation (JCT) estimates that enacting the bill would reduce revenues by $5,416 million over the 2019-2028 period.
Some legislators suggest that while enacting provisions may eliminate the impact of the most costly sections of the Federal legislation, such legislation runs counter to attempts to mirror the Federal depreciation and NOL computations as a way to minimize complexity and maintain a workable tax system.
The IRS's interpretation runs afoul of congressional intent in enacting section 6621(d).