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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

ACT

see ADVANCE CORPORATION TAX.
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 added: "In my judgment, this was no impulsive act on your part.
Thirteen years earlier, Schmidtie fell in love with Parisian editor Alice Verplanck, but an impulsive act of jealousy and rage ended their budding affair.
It's one such impulsive act that strands him up in the mountains, and sets the stage for the rest of the story.
"This was not an impulsive act. These were acts that were well-thought-out," Judge Agnes said before imposing the sentences.
While Raymond remains puzzled at his selection, the impulsive act is typical of a person who had an astute sensitivity to human nature.
District judge Andrew Shaw told him at Llandudno court: "This wasn't an impulsive act that occurred on the spur of the moment but a course of conduct over 14 months when you downloaded a series of images."
It's an impulsive act. Dry statistics can't reach people in the same way, and reaching them through arts and culture can be a very powerful thing."
For my part, I am looking forward to a chance to wear my rather smart new jacket, bought on a whim at the height of summer - an impulsive act I cannot explain to myself, let alone anyone else.
As is so often the case, what is billed by the emergency room as a "suicide attempt" is really nothing more than an impulsive act by a distraught teen as a result of multiple emotionally traumatic events.
His uncharacteristically impulsive act leads him to the door of Caerlyon Hall, the home of the eccentric and generous Francis Black.
An impulsive act of abject frustration and most likely self-acknowledgment that he couldn't win and with the possibility of being knocked out by his hated rival, Duran said to referee Octavio Meyran in Spanish, 'Tm not going to fight this clown anymore." The ref, not comprehending that Duran was actually quitting, allowed the fight to continue.
Was this calculated, or a thoughtless, impulsive act?