CMCA Vocabulary
Abstention - ANS-When a player in a vote either does no longer go to vote (on election day) or,
in parliamentary process, is gift at some stage in the vote, but does now not forged a poll. An
abstention can be used to signify the vote casting man or woman's ambivalence approximately
the degree or mild disapproval that does not upward push to the level of energetic competition.
Abstentions do not matter in tallying the vote; while contributors abstain, they're in effect most
effective attending the meeting to useful resource in constituting a quorum.
Acceleration - ANS-The series of all exams due via the quit of the financial 12 months.
Accrual basis of account - ANS-This technique records earnings when it's far earned (or
assessed to proprietors) and rate while they are incurred or acquired.
Action item list - ANS-An motion item is a documented occasion, task, pastime or movement
that desires to take location. Action objects are generally documented inside the assembly mins
and are recorded within the task listing of the group. Reviewed at each meeting for status.
Actual cash cost (ACV) - ANS-Depreciated fee of an item
Ad hoc committee - ANS-Used when an objective needs consideration and no standing
committee in the business enterprise can absorb the problem into its scope; generally
quick-time period.
Advertising injury - ANS-Provisions in CGL (comprehensive fashionable liability) encompass
language presenting coverage to the community association with respect to damages resulting
in "misappropriation of marketing thoughts or style of doing enterprise" or "infringement of
copyright, slogan or identify."
Agenda - ANS-A list of assembly activities in the order in which they're to be taken up, starting
with the decision to reserve and ending with adjournment.
Agreed quantity endorsement - ANS-Provides for an agreed upon restriction of assets
insurance.
Alternative dispute resolution - ANS-Mediation, arbitration and other approaches of resolving
conflicts with the assist of a specifically trained impartial 1/3 celebration without the want for a
formal trial or hearing.
, Amend a motion - ANS-Used to regulate some other motion. Three basis paperwork: 1.
Putting/including words/paragraphs; 2. Hanging words/paragraphs; 3.
Hanging/inserting/substituting phrases/paragraphs/resolutions
Analysis - ANS-The breaking down of records substances into their thing components,
examining (and seeking to recognize the organizational shape of) such records to increase
divergent conclusions by means of figuring out motives or causes, making inferences and/or
finding evidence to guide generalizations.
Appeal - ANS-A request for a evaluate of a case by means of a higher authority--if accepted
through the governing files or statute.
Application - ANS-The use of previously found out information in new and urban conditions to
solve problems which have a single answer.
Articles of incorporation - ANS-Bring the employer into lifestyles, outline its primary functions
and powers, imply whether inventory may be issued, and suggest whether or not there may be
a board of directors.
Assessment - ANS-The proprietor's financial responsibility to the community association
throughout a given time frame, generally one year. It covers the proprietor's proportion of the
commonplace cost - "not unusual cost liabilities"
Assets - ANS-Include something owned that has fee. The actual land and homes of the
community affiliation are not typically shown as an asset.
Assignability provision - ANS-This provision states that neither birthday party can also assign its
duties under the contract to another character with out the explicit written consent of the
opposite party.
Audit - ANS-An examination of the accounting statistics and tactics of an business enterprise by
a CPA for the cause of verifying the accuracy and completeness of monetary statistics.
Bad debt write-off - ANS-Consists of recording an uncollectible debt as an cost that the affiliation
need to absorb. Usually requires a decision of the Board.
Balance sheet - ANS-A precis of a network's financial role at a particular point in time.
Ballot - ANS-A device used to document choices made via citizens. 1 per voter - not shared.
Baseline investment - ANS-The intention of this investment approach is to maintain the reserve
coins balance above zero.
Abstention - ANS-When a player in a vote either does no longer go to vote (on election day) or,
in parliamentary process, is gift at some stage in the vote, but does now not forged a poll. An
abstention can be used to signify the vote casting man or woman's ambivalence approximately
the degree or mild disapproval that does not upward push to the level of energetic competition.
Abstentions do not matter in tallying the vote; while contributors abstain, they're in effect most
effective attending the meeting to useful resource in constituting a quorum.
Acceleration - ANS-The series of all exams due via the quit of the financial 12 months.
Accrual basis of account - ANS-This technique records earnings when it's far earned (or
assessed to proprietors) and rate while they are incurred or acquired.
Action item list - ANS-An motion item is a documented occasion, task, pastime or movement
that desires to take location. Action objects are generally documented inside the assembly mins
and are recorded within the task listing of the group. Reviewed at each meeting for status.
Actual cash cost (ACV) - ANS-Depreciated fee of an item
Ad hoc committee - ANS-Used when an objective needs consideration and no standing
committee in the business enterprise can absorb the problem into its scope; generally
quick-time period.
Advertising injury - ANS-Provisions in CGL (comprehensive fashionable liability) encompass
language presenting coverage to the community association with respect to damages resulting
in "misappropriation of marketing thoughts or style of doing enterprise" or "infringement of
copyright, slogan or identify."
Agenda - ANS-A list of assembly activities in the order in which they're to be taken up, starting
with the decision to reserve and ending with adjournment.
Agreed quantity endorsement - ANS-Provides for an agreed upon restriction of assets
insurance.
Alternative dispute resolution - ANS-Mediation, arbitration and other approaches of resolving
conflicts with the assist of a specifically trained impartial 1/3 celebration without the want for a
formal trial or hearing.
, Amend a motion - ANS-Used to regulate some other motion. Three basis paperwork: 1.
Putting/including words/paragraphs; 2. Hanging words/paragraphs; 3.
Hanging/inserting/substituting phrases/paragraphs/resolutions
Analysis - ANS-The breaking down of records substances into their thing components,
examining (and seeking to recognize the organizational shape of) such records to increase
divergent conclusions by means of figuring out motives or causes, making inferences and/or
finding evidence to guide generalizations.
Appeal - ANS-A request for a evaluate of a case by means of a higher authority--if accepted
through the governing files or statute.
Application - ANS-The use of previously found out information in new and urban conditions to
solve problems which have a single answer.
Articles of incorporation - ANS-Bring the employer into lifestyles, outline its primary functions
and powers, imply whether inventory may be issued, and suggest whether or not there may be
a board of directors.
Assessment - ANS-The proprietor's financial responsibility to the community association
throughout a given time frame, generally one year. It covers the proprietor's proportion of the
commonplace cost - "not unusual cost liabilities"
Assets - ANS-Include something owned that has fee. The actual land and homes of the
community affiliation are not typically shown as an asset.
Assignability provision - ANS-This provision states that neither birthday party can also assign its
duties under the contract to another character with out the explicit written consent of the
opposite party.
Audit - ANS-An examination of the accounting statistics and tactics of an business enterprise by
a CPA for the cause of verifying the accuracy and completeness of monetary statistics.
Bad debt write-off - ANS-Consists of recording an uncollectible debt as an cost that the affiliation
need to absorb. Usually requires a decision of the Board.
Balance sheet - ANS-A precis of a network's financial role at a particular point in time.
Ballot - ANS-A device used to document choices made via citizens. 1 per voter - not shared.
Baseline investment - ANS-The intention of this investment approach is to maintain the reserve
coins balance above zero.
