Adjustment 2623318 205417589 2008-04-13T21:46:04Z 74.128.233.108 modernization {{wiktionary}} {{update-eb}} '''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 calculation of the amounts to be made good to and paid by the several interests is a complicated matter. It involves much detail and arithmetic, and requires a full and accurate knowledge of the principles of the subject. Such adjustments are made by adjusters, who make the subject their profession. In [[Great Britain]] they are for the most part members of the Average Adjusters' Association (1870), a body which has done much careful work with a view to making and keeping the practice uniform and in accord with right principles. This association has gradually formulated, at their annual meetings, a body of practical rules which the individual members undertake to observe. For more information see: [[General average]], and [[marine (ocean)|Marine]] [[Insurance]]. {{Econ-stub}} ==References== *{{1911}} [[Category:Finance]] [[de:Justierung]] [[es:Ajuste]] [[ru:Юстировка]] [[simple:Adjustment]] [[sr:Прилагођавање]]