Adjustment is a general term which can pertain to:

1. Arrangement, put into the proper position;
2. Alteration by a small amount so as to fit or be right for use, e.g. the pants need adjustment to fit;

3. Adaption, as in to adapt to a situation, new circumstances, or weather;
4. Assessment for loss or damages

(Related terms - adjust, adjusting, adjuster, adjustor)

Ref: 120804/2006-09-19

Adjustmentrefers to regulating, adapting or settling. In commercial law, adjustment is the the settlement of a loss incurred at sea on insured goods. It refersto the settlement of claims; an equitable arrangement of conflicting claims, as in set-off, contribution, exoneration, subrogation, and marshaling.

Ref: 86295/2006-09-13


Other Database Pages Exist for this Phrase:
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