A less severe injury compared to partial or complete disability that is eligible for a monetary compensation. Typically includes a disability payments for a month.

The failure to deliver goods or legal instruments in compliance with the law or custom

Noncompliance with the requirements to reveal information.

A rule that mandates equal provision of benefits to all its employees, irrespective of their position. A retirement plan must include this rule to qualify under the Employee Retirement Income Security Act

1. General: A set of standard rule is applied upon careful evaluation of fairness and equality using this method. 2. Interstate Commerce: Ensuring that all countries are charged equally and justly through

The non coverage of disability of the rider by income policies. However, it grants for the payment of medical costs that arise due to a less severe injury that does not results

An account that can be collected more than a year from the date of the balance sheet.

The majority of policies are non assignable and as such cannot be transferred to a third party ownership

Workers who are not exempt from a rule or policy. With respect to wage and hour laws, employees who are nonexempt are to follow workplace regulations and are eligible for overtime pay

Items that are not used up during consumption and as such retain their identity.

Spending such as the repayment of a loan’s prinipal amount or the payment of a refund that is not charged as a usual expense.

A financial instrument such as a bond or a stock that is not a part of the other equities held by the company.

An agreement between two parties that prohibits criticism by one party on the other. Usually used in the settlement contract in an employment or dispute settlement.

A substance that does not burst into flames when ignited, or one that is not ignited easily.

An industry whose services have no correlation to financial goods or services and investments.

A clause in an insurance that allows for a partial or complete receipt of benefit, or a partial refund in the event that the insured ceases payment of the premiums due on

A pension plan that is under the sole ownership of the insured and cannot be lost.

Obligations such as wages that have to be fulfilled, without worrying about interest accrual.

A risk with a high probability of loss, or failure to accurate measure the risk actuarially. As such, the risk cannot be insured.

Monetary gain for financial institutions through charges on investment transactions.