LEAVE-SHARING PLAN
A plan or structure that allows employees to share unused sick leave for the benefit of other employees who have maximized the allotted number of sick leave. This scheme is designed to aid employees who experience unexpected circumstances, major surgeries, medical emergencies or natural disasters. It varies from one employer to another.
A company must consider these factors in offering leave-sharing plan: To whom the employees are giving their sick leave and if the firm should limit the number of sick leave that can be donated.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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