- Entity, being, or existence; an actually existing being; also,
God, as the Being of Beings. - Something supposed to condense within itself all the virtues
and qualities of a substance from which it is extracted; essence.
Deferred Expense An expenditure that has incurred but will be recognized as a cost inside one or more accounting policies is referred to as Deferred Expense.
Forensic Audit A Forensic Audit is an evaluation process of a business or individual’s accounting transactions to uncover valuable information that comes in handy in court.
Time limit on certain defenses provision Time limit on certain defenses provision in an individual health insurance policy that prohibits the company from canceling the policy or denying a claim on the basis of a preexisting condition or misstatement in the application after the policy has been in force for
Simplified Employee Pension (SEP) Simplified Employee Pension (SEP) is an employer sponsored individual retirement account that meets certain requirements. Paper work is reduced for employers who wish to cover employees in a
Pension accrual benefit Pension accrual benefit is a disability income benefit that makes a pension contribution so that the disabled employee’s pension benefit remains intact.
Pension Benefit Guaranty Corporation (PBGC) Pension Benefit Guaranty Corporation (PBGC) is a federal corporation that guarantees the payment of vested or nonforfeitable benefits up to
Medical expense insurance Medical expense insurance is an individual or group plan that pays covered medical expenses as a result of disease or injury, including
License and permit bond License and permit bond is a type of surety bond guaranteeing that the person bonded will comply with all laws and regulations that
Licensee Someone who enters or remains on the premises with the occupant’s expressed or implied permission, is called licensee.
Expense ratio Expense ratio is that proportion of the gross rate available for expenses and profit. Ratio of expenses incurred to
Definition
[ n.]