Tag: benefits

Knowledge Economy

DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part...

Key Employee

DefinitionKey employee, in U.S. Internal Revenue Service terminology, is an employee classification used when determining if company-sponsored qualified retirement plans, including 401 defined benefit...

Health Reimbursement Account (HRA)

Health Reimbursement Account (HRA) What is a 'Health Reimbursement Account - HRA' A health reimbursement account (HRA) consists of employer-funded plans that...

Health Insurance Portability And Accountability Act (HIPAA)

Health Insurance Portability And Accountability Act (HIPAA) What is 'Health Insurance Portability And Accountability Act - HIPAA' An act created by the...

Individual Retirement Account – IRA

DefinitionAn individual retirement account is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in...

Immunization

DefinitionImmunization, or immunisation, is the process by which an individual's immune system becomes fortified against an agent. Immunization What is 'Immunization' Immunization,...

Identity Fraud Reimbursement Program

Identity Fraud Reimbursement Program What is 'Identity Fraud Reimbursement Program' A financial product that offers reimbursment for the costs associated with having...

Immediate Beneficiary

Immediate Beneficiary What is 'Immediate Beneficiary' A beneficiary designation most commonly used in charitable gift planning to describe which parties get an...

Named Beneficiary

Named Beneficiary What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension...

National Insurance Contributions (NIC)

National Insurance Contributions (NIC) What is 'National Insurance Contributions - NIC' Payments made by employees and employers into the United Kingdom's National...

EDITOR PICKS