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.
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
Expense ratio Expense ratio is that proportion of the gross rate available for expenses and profit. Ratio of expenses incurred to
Extra expense coverage form Extra expense coverage form is a separate form that can be used to cover the extra expenses incurred by a firm to continue business
Compensatory damages Compensatory damages are an award for damages that compensates an injured victim for losses actually incurred. Compensatory damages
Business income (without extra expense) coverage form Business income (without extra expense) coverage form is a form that covers the loss of business income from a covered loss. Extra expenses are covered only to the extent that such expenses reduce
Annual fund operating expenses Annual fund operating expenses refers for investment companies, the management fee and "other expenses," including the expenses for maintaining shareholder records, providing shareholders with financial statements, and providing custodial and accounting services. For
Definition
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