DEFINED BENEFIT FORMULA
An equation used to compute contributions in a benefit plan.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An equation used to compute contributions in a benefit plan.
A pension plan where an employer puts aside money for employees in a tax defferred account.The formula is set in advance. AKA career average benefit formula, career average formula, career earnings formula,
A benefit plan that an employee adds a fixed amount every month until they retire. AKA defined contribution pension plan.
A certain or exact boundary. Refer to definitive.
A contact to purchase that lets the supply of an amount of goods over a period of time. The delivery is scheduled on a timetable.
A purchase contract for one to ten years.
The complete works of an author in their authoritative form.
A DEBT or EQUITY security that is issued in the form of a physical certificate rather than as a dematerialized, electronic computer entry. See also BOOKENTRY SECURITY, SCRIP.
The final agreement or contract about a decision. It can be about cost or the scope of a project.
An element of a project that has been established.
1.When the economy is in a downturn due to governmental policy. The wages go down, less credit is available, less imports come in due to demand, and the citizens money is increased
The inflation rate used to convert prices and wages from nominal to real.
Clearing forests or removing trees to make land for housing, agriculture, or firewood. Nothing is replanted and no time is allowed for forest regeneration. It is connected to the greenhouse effect and
Chaninging the body caused by stress. The stress in the limits of a material can offset this.
The act of rearranging files on the hard disk to make faster data access.The space left when this happens is filled by new files. If its too big a fragment is left
The material that is under deterioration by natural forces or chemicals. Refer to biodegradable and photodegradable.
The amount multiplied by mean time between failures of a part to get the operational MTBF.
A chemical that doesn’t dissolve in water. It comes from floors, machine, and tools.They are made from hydrocarbon solvents like kerosene or xylene.
Removing grease from a surface using hot water, steam, alkaline cleaners, or organic solvents.
1.The unit of an angle or arc. It can be 60 min, 3600 sec, 0.017 radian, or 1/360 of a circle. As for the earths surface it is 60 nautical miles or
This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.