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]]