Employee Retirement Income Security Act (ERISA): A broad-reaching law that establishes the rights of pension plan participants, standards for the investment of pension plan assets, and requirements for the disclosure of plan provisions and funding.

 

Related Words

Employee Retirement Income Security Act (ERISA): A broad-reaching law that establishes the rights of pension plan participants, standards for the investment of pension plan assets, and requirements for the disclosure of plan provisions and funding.

Nonmoney Income: A statistical allowance used in farm income compilations to credit farmers with income for the value of farm products used on the farm (instead of being sold for cash) and the rental value o . . . View Full Definition

Nonexempt Employee: An employee who does not meet any one of the Fair Labor Standards Act exemption tests and is paid on an hourly basis and covered by wage and hour laws regarding hours worked, overtime pay, etc.

Normal Investment Practice: The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.

Normal Retirement: The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.

North American Free Trade Agreement Implementation Act: P.L. 103-182 (December 8, 1993) approved and implemented the North American Free Trade Agreement (NAFTA). NAFTA pertains to cross-border trade between the United States, Mexico, and Canada. . . . View Full Definition

Noncash Transactions: Investing and financing activities that do not affect cash: if significant, they are disclosed below the statement of cash flows or in the notes to the financial statements.

North American Wetlands Conservation Act: P.L. 101-233 (December 13, 1989), and amended in 1990 and 1994, authorizes a wetlands habitat program: administered by the Fish and Wildlife Service. The law authorized annual appropriations . . . View Full Definition

Non-Operating Income: Income not related to the ongoing operations of a company; for example, interest income and sale of fixed assets.

No Capacity To Contract: The inability of a person to enter into a valid contract under any circumstances. Such inability can arise when a person has been adjudicated insane or is an officer of a corporation who is . . . View Full Definition