Act

Business, Legal & Accounting Glossary

Definition: Act




Full Definition of Act


Something done; usually, something done intentionally or voluntarily or with a purpose.

The term encompasses not only physical acts—such as turning on the water or purchasing a gun—but also refers to more intangible acts such as adopting a decree, edict, law, judgment, award, or determination. An act may be a private act, done by an individual managing his or her personal affairs, or it may be a public act, done by an official, a council, or a court. When a bill is favorably acted upon in the process of legislation, it becomes an act.


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
https://payrollheaven.com/define/act/
Modern Language Association (MLA):
Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 15, 2021 https://payrollheaven.com/define/act/.
Chicago Manual of Style (CMS):
Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/act/ (accessed: October 15, 2021).
American Psychological Association (APA):
Act. PayrollHeaven.com. Retrieved October 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/act/

Definition Sources


Definitions for Act 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: 8th October, 2021 | 0 Views.