1.when funds are taken out of an account with the account holders approval. It is done on the date and for the amount agreed to without them having to do anything. 2. the time a computer places funds from one account to another to cover overdraft.
When an investor gets payments periodically from their gains income.
1. to use an automated system to perform a function. 2. to act without thinking. Like a reflex.
In medical jurisprudence, this term is applied to actions or conduct of an individual apparently occurring without will, purpose, or reasoned intention on his part; a condition sometimes observed in persons who, without being actually insane, suffer from an obscuration of the mental faculties, loss of volition or of memory, or kindred affections. “Ambulatory automatism” describes the pathological impulse to purposeless and irresponsible wanderings from place to place often characteristic of patients suffering from loss of memory with dissociation of personality.
the term used when a court ends before the case is settled and the case may be automatically bound over to next session or term of the court. Known as automatic continuance.
Insurance that extends a policy for a period of time for a certain amount. It helps to cover the changes in market value or a new asset.
An INSURANCE contract that automatically comes into effect when an INSURED acquires new property or revalues existing property. Automatic coverage eliminates the possibility of UNDERINSURANCE.
When data is input into a computer without any human assistance. A barcode, magnetic strip, optical recognition, radio frequency identification, and even speech recognition. Refer to electronic data capture.
A statement on a listing that requires the owner to pay the broker to sell or lease property at a rate agreed upon. An extension can be added to make the rate stay past the maturation date. It is not allowed in certain states.
An instrument that helps keep economic changes more stable. The government does not get involved. AKA automatic stabilizers or builtin stabilizers.