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A Tort

Wrongfully; unjustly; without reason.

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A.C.I.I

Associate of the Chartered Insurance Institute. (British)

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A.I.I.C

Associate of the Insurance Institute of Canada.

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Abandonment

To voluntarily relinquish all right, title, claim and possession of property

with the intention of not re-claiming it

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Abeyance

A lapse in succession when there is no one in whom title is vested.

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Abridgment Of Damages

In certain cases, the right of the court to reduce a damage award.

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Absent Renewal

An employer may wish to engage an employee on a temporary or contract basis, with the understanding that upon the expiry of the fixed term of employment or at the end of the contract, the employment relationship will be at an end and the employee will not be entitled to any compensation as a result of the termination of the employment relationship.

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Absentee Landlord

Normally the owner of real property who does not live on the premises.

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Absolute Guaranty

An unconditional guaranty that a debtor will pay his debt or perform his obligation.