After Acquired Clause

Business / Finance / After Acquired Clause: A contractual clause in a mortgage agreement stating that any additional mortgageable property attained by the borrower after the mortgage is signed will be regarded as additional security for the obligation addressed in the mortgage.

Inflation-Escalator Clause

Business / Finance / Inflation-Escalator Clause: The fact that future inflation rates are not known. It is a possible contributing factor to the makeup of the term structure of interest rates. MORE

Incontestability Clause

Business / Finance / Incontestability Clause: Levies on the income of a business imposed by federal and state governments. This expense appears on the income statement simply as Taxes. MORE

Hospital Acquired Infection

Health / Disease / Hospital Acquired Infection: Nosocomial infections are infections which are a result of treatment in a hospital or a healthcare service unit, but secondary to the patient's original condition. MORE

Hold-Harmless Clause

Business / Real Estate / Hold-Harmless Clause: A contract provision whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction. Such clauses are usually found in leases MORE

Inheritance Of Acquired Characteristics

Science / Biology / Inheritance Of Acquired Characteristics: Lamarcks view that features acquired during an organisms lifetime would be passed on to succeeding generations, leading to inheritable change in species over time. MORE

Jack Rafter

Business / Construction / Jack Rafter: A rafter that spans the distance from the wall plate to a hip, or from a valley to a ridge. MORE

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