Business, Legal & Accounting Glossary

Definition: A1


Quick Summary of A1

A description of property or a person that is in the best condition.

What is the dictionary definition of A1?

Dictionary Definition

Pertaining to a description of property or a person that is in it’s best condition.

Full Definition of A1

In marine insurance, before a vessel may be insured, it has to be inspected to confirm it’s condition.

If it’s “maintained in good and efficient condition” it will be graded in the Lloyd’s Register as “A” grade and if the anchor moorings are in the same condition the numeral 1 is added.

So as per the Lloyds Register of shipping, an A1 ship is of the highest quality or in excellent condition. The classification is derived from the original grades given in letters for the state of a ship’s hull and a grade given in numbers for the condition of a ship’s mast and rigging.

This description is also used in life assurance policies, in which premiums are largely based on a person’s health.

After a medical examination, a person in perfect health is described as (an) A1 (life).

Examples of A1 in a sentence

All values relate to showroom prices for vehicles in A1 condition.
The appraisers all agreed that the comic books were of A1 condition.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
A1. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 20, 2024 https://payrollheaven.com/define/a1/.
Chicago Manual of Style (CMS):
A1. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/a1/ (accessed: May 20, 2024).
American Psychological Association (APA):
A1. PayrollHeaven.com. Retrieved May 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/a1/

Definition Sources

Definitions for A1 are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020 | 0 Views.