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ADJUSTMENT (from late Lat. ad juxtare...

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Originally appearing in Volume V01, Page 193 of the 1911 Encyclopedia Britannica.
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ADJUSTMENT (from See also:late See also:Lat. ad juxtare, derived from juxta, near, but See also:early confounded with a supposed derivation from justus, right)  , regulating, adapting or settling; in commercial See also:law, the See also:settlement of a loss incurred at See also:sea on insured goods . The calculation of the amounts to be made See also:good to and paid by the several interests is a complicated See also:matter . It involves much detail and See also:arithmetic, and requires a full and accurate knowledge of the principles of the subject . Such adjustments are made by men called adjusters, who make the subject their profession . In See also:Great See also:Britain they are for the most See also:part members of the See also:Average Adjusters' Association (187o), a See also:body which has done much careful See also:work with a view to making and keeping the practice See also:uniform and in See also:accord with right principles . This association has gradually formulated, at their See also:annual meetings, a body of See also:practical rules which the individual members undertake to observe .

End of Article: ADJUSTMENT (from late Lat. ad juxtare, derived from juxta, near, but early confounded with a supposed derivation from justus, right)
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