NONFORFEITABLE BENEFIT
A pension plan that is under the sole ownership of the insured and cannot be lost.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A pension plan that is under the sole ownership of the insured and cannot be lost.
An asset whose monetary value is variable and depends on economic conditions.
A loan or lease where (1) payment from the lessee is not received on time, (2) payments have stopped, (3) Maturity date has passed and the agreement is still unfulfilled. In these
In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.
Transaction specific cost elements that increase the cost estimates on a casebycase basis.
A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration. It is the equilibrium price that is determined by the interaction of
A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non
A notice issued to concerning parties by the contractee stating that all the work concerning the project has finished. In addition, the period within which the concerned parties can exerciset their lien
An agreement in Australia which allows businesses to lease transportation for its employees. However, a portion of the employee’s wage is deducted to cover the leasing costs. The company is liable for
An exchange for the trading of futures and options that are related to energy, palladium, etc. It is a subdivision of the New York Mercantile Exchange.
The amount at which transactions such as order placements, buying and selling of goods take place.
Used primarily in the telecom industry, it is a substitute name for a 8bitbyte.
A statement that is intended to be a part of the proceedings such as a court case.
The services that are offered by the physician when a visit is paid to his office.
The amount that is required to prevent a loan account from dropping below the recommended balance.
A program formerly headed by the US Bureau of Land Management that established the auction program for oil and gas leasing. It is also referred to as the oil and gas lottery
Failure to complete a duty or task, usually as a result of apathy, complacency or neglect.
A plaintiff should only receive one remedy for any particular claim. If multiple remedies are available, the plaintiff must choose one, or divide restitution amongst the available remedies.
A web-based filing system used to store information or records, accessible by using web scripts. Use often requires a paid subscription.
The lack of restriction on the amount that can be taken.