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Related Definitions
Flexible manufacturing systems (FMS) Flexible manufacturing systems (FMS) refer the use of computers to change from one production process to another in order to produce
Straight deductible Straight deductible in an insurance contract by which the insured must pay a certain number of dollars of loss before the insurer is required
High-deductible health plan (HDHP) High-deductible health plan (HDHP) is a consumer-directed health plan that consists of major medical health insurance with a high deductible
Flexible-premium annuity Flexible-premium annuity is an annuity contract that permits the owner to vary the size and frequency of premium payments.
The amount of retirement income depends on the accumulated sum
Flexible-spending account Flexible-spending account is an arrangement by which the employee agrees to a salary reduction, which can be used to pay for plan benefits, unreimbursed medical and dental expenses, and other expenses permitted by the
Calendar-year deductible Calendar-year deductible is an amount payable by an insured during a calendar year before a group or individual health insurance policy
Aggregate deductible Deductible in some property and health insurance contracts in which all covered losses during a year are added together and the insurer
Impossible figure Impossible figure is drawing of a figure which can only be perceived as contradictory.
Flexible Benefits Program Flexible Benefits Program refers individualized plans allowed by employers to accommodate employee preferences for benefits.
Flextime or flexible working hours Flextime or flexible working hours allows employees to decide, within a certain rage, when to begin and end each workday.
Definition