A/R is the abbreviation for accounts receivable.
[Last updated in June of 2022 by the Wex Definitions Team]
business sectors
ab initio
Ab initio is a Latin term that means "from the beginning” or “from inception.” Ab initio is used to indicate that some fact existed from the start of a relevant time period. It is often used as part of the phrase “void ab initio,” meaning...
abandoned application
An “abandoned application” refers to the abandonment of a patent or trademark application. An application is removed from the docket of pending applications at the U.S. Patent and Trademark Office when the applicant (either directly or...
abandoned property
Abandoned property is defined as personal property left by an owner who intentionally relinquishes all rights to its control. Real property may not be abandoned; see adverse possession.
Overview:At common law, a person...
abandonment (of trademark)
Abandonment of a trademark occurs when the owner of the trademark deliberately ceases to use the trademark for three or more years, with no intention of using the trademark again in the future. When a trademark is abandoned, the trademark...
abatement clause
An abatement clause is defined as a provision in a lease agreement that releases the tenant from paying rent if an act of God makes occupancy impossible or otherwise precludes the property from being used.
See also:...
Abercrombie classification
Abercrombie classification, taking its name from the case Abercrombie & Fitch Co. v. Hunting World Inc., refers to a system designating how generic a given trademark is for the purposes of intellectual property law. This system...
absolute-bar rule
The absolute bar rule prohibits a creditor who disposes of collateral in a commercially unreasonable manner from obtaining a deficiency judgment.
For example:
§ 9-610 of the Uniform Commercial Code (UCC) codifies the...accelerated filer
Accelerated filer is a class of reporting company which has shorter deadlines to file their periodic reports.
Securities and Exchange Commission (SEC) Rule 12b-2 establishes the requirements that a company must satisfy to...
accommodation
An accommodation is a means of providing assistance or convenience for a person, and the practice of modifying objects and situations to the benefit or needs of another person. Originally, accommodation meant a loan or other financial favor....