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Business Dictionary :
Act
Act
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Act : noun :
(a) Law passed by a parliament which must be obeyed by the people
Companies Act (GB) = Act which rules how companies should do their business
Health and Safety at Work Act : Act which rules how the health of workers should be protected by the companies they work for
Finance Act = Annual Act of Parliament which gives the government power to raise taxes as proposed in the budget
(b) Act of God = something you do not expect to happen and which cannot be avoided (such as storms or floods)
Act : verb :
(a) to work
• To act as an agent for an American company
• To act for someone
• To act on someone's behalf
(b) to do something
• The board will have to act quickly if the company's losses are going to be reduced.
• The lawyers are acting on our instructions.
To act on a letter = to do what a letter asks to be done