Word of the Day

A.R.

A.R. – Acknowledge of Receipt – proof that a person has received some corespondence. May be demanded through post service.

e.g. All notifications between parties will be made in writing, with A.R. (EN jur., contractual clauses).

A.R. – All Risks – a type of insurance that covers all risks.

e.g. In order to be sure that our goods will not be harmed during shipping, we took out an AR insurance, which paid off.