CAFETERIA PLAN
A staff or employee is given a chance to choose from many kinds of benefits to make a plan that gives him all the best that he/she needs; this employee benefit plan is called cafeteria plan. This particular plan includes tax advantages and/or retirement plan contributions, accident insurance, cash benefits and health benefits.
"Flexible benefit plan" or "cafeteria employee benefit plan" are other terms for Cafeteria plan.
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Shogun Bond
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Ambulance Chaser
A term for lawyers who rush contact persons involved in an accidents. It is often use to increase the payments to the victims. Insurance companies ...
Core Deposits
Deposits in a bank’s general market area. Banks depend on core deposits to stabilize their funds for their lending base. Such deposits offer ...
Nominalism
Nominalism is the principle of keeping the amount of a debt obligation fixed in spite of fluctuations the purchasing power or exchange rate of mone ...
Insured Bond
Bond with interest and principal payments guaranteed by a private insurance company. Usually, insured bonds are seen as a feature of municipal bond ...
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