adjustment


adjustment
An arrangement; a settlement.
In the law of insurance, the adjustment of a loss is the ascertainment of its amount and the ratable distribution of it among those liable to pay it. The settling and ascertaining the amount of the indemnity which the assured, after all allowances and deductions made, is entitled to receive under the policy, and fixing the proportion which each underwriter is liable to pay.
In tax practice, the correction of erroneous determination of deficiency. Hopper v. Government of Virgin Islands, C.A. Virgin Islands, 550 F.2d 844, 847

Black's law dictionary. . 1990.

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  • adjustment — ad‧just‧ment [əˈdʒʌstmənt] noun [countable, uncountable] 1. a change that is made to something in order to correct or improve it: • We have made an adjustment to our target. • Grants are to be slashed by 33%, after adjustment for inflation. ˌcost …   Financial and business terms

  • adjustment — I noun abatement of differences, accommodatio, accommodation, accord, accordance, adaptation, agreement, arrangement, attunement, bargain, binding agreement, coaptation, compact, composition, compromise, concurrence, conformance, conformation,… …   Law dictionary

  • Adjustment — Ad*just ment ( ment), n. [Cf. F. ajustement. See {Adjust}.] 1. The act of adjusting, or condition of being adjusted; act of bringing into proper relations; regulation. [1913 Webster] Success depends on the nicest and minutest adjustment of the… …   The Collaborative International Dictionary of English

  • adjustment — [n1] adaptation acclimation, acclimatization, alteration, arrangement, balancing, conformance, correcting, fitting, fixing, improvement, mending, modification, ordering, organization, organizing, orientation, readjustment, redress, regulating,… …   New thesaurus

  • adjustment — [ə just′mənt] n. 1. an adjusting or being adjusted 2. a means or device by which parts are adjusted to one another [the adjustment on a micrometer] 3. the settlement of how much is to be paid in cases of loss or claim, as by insurance 4. a… …   English World dictionary

  • Adjustment — (from late Latin ad juxtare , derived from juxta , near, but early confounded with a supposed derivation from Justus , right), regulating, adapting or settling; in commercial law, the settlement of a loss incurred on insured goods. The… …   Wikipedia

  • Adjustment — (engl., spr. adjoßtment), die Bestimmung des von einem Versicherten erlittenen Seeschadens od. Verlustes …   Pierer's Universal-Lexikon

  • adjustment — (n.) 1640s, from Fr. ajustement or else a native formation from ADJUST (Cf. adjust) (v.) + MENT (Cf. ment) …   Etymology dictionary

  • adjustment — noun 1 small change made ADJECTIVE ▪ delicate, fine, minor, slight, small ▪ important, major, significant ▪ …   Collocations dictionary

  • adjustment — n. 1) to make an adjustment 2) an adjustment in, of (an adjustment in/of his salary; an adjustment of the brakes) 3) an adjustment to (an adjustment to a new environment) * * * [ə dʒʌstmənt] of (an adjustment in/of his salary; an adjustment of… …   Combinatory dictionary

  • adjustment — ad|just|ment [əˈdʒʌstmənt] n [U and C] 1.) a small change made to a machine, system, or calculation adjustment for ▪ Once we make the adjustments for inflation, the fall in interest rates is quite small. adjustment to ▪ a slight adjustment to the …   Dictionary of contemporary English


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