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Related Definitions
Service benefits Service benefits refers health insurance benefits that pay hospital charges or payment for care received by the insured directly to the hospital or providers of care. The plan provides service rather than
Coordination-of-benefits provision Coordination-of-benefits provision in a group medical expense plan that prevents over-insurance and duplication of benefits when one person is covered under more than one group plan.
Accelerated death benefits Accelerated death benefits mean a rider or benefit in a life insurance policy that allows insureds who are terminally ill or who suffer from certain ...
Accrued benefits Accrued benefits are the pension benefits earned by an employee accourding to the years of the employee's service.
Flexible Benefits Program Flexible Benefits Program refers individualized plans allowed by employers to accommodate employee preferences for benefits.
Supplemental Pay Benefits Supplemental Pay Benefits are benefits for time not worked such as unemployment insurance, vacation and holiday pay and sick pay.
Fringe benefits Fringe benefits means nonfinancial rewards provided for employees.
Tax benefits Tax benefits is the ways to save on a bank’s tax obligation by investing in tax-deductible expenses, or accruing income losses that help offset taxable income from loans or other income sources.
Undivided profits Undivided profits is the type of bank capital representing the net earnings of bank that have been retained in the business rather than being paid out as dividends to the bank’s stockholders.
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