Tag: health

What is 'Wage Expense' In financial accounting, wage expense represents payments made to non-manufacturing employees, regardless of whether they are hourly or salaried. Depending on...

What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...

When to Use a Waiver of Notice When does a meeting require formal notice? Normally, anyone with an interest must be formally notified, either in...

What is 'Gate Provision' A restriction placed on a hedge fund limiting the amount of withdrawals from the fund during a redemption...

What is 'Gatekeeper' Requirements that must be met before an individual can qualify for a long-term care plan. A person must qualify...

What is 'General Public Distribution' A type of primary market offering in which the securities being issued are available to anyone who...

DefinitionGeneric brands of consumer products are distinguished by the absence of a brand name. It is often inaccurate to describe these products as "lacking...

What is 'Impairment' Impairment is an accounting principle that describes a permanent reduction in the value of a company's asset, normally a...

What is a 'Tap Issue' A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments...

What is 'Targeted-Distribution Fund' A mutual fund that focuses on the distribution of income and capital gains to fund holders. These funds...