Related Words

Ability: Aptitude or competence, the skill or proficiency needed to perform certain tasks.

Permeability: A measure of the ease with which water penetrates a material.

Net Tax Liability: The amount of tax computed by subtracting tax credits from the gross tax liability.

Unlimited Liability: The required return on an investment when the investment is financed entirely by equity (i.e., no debt).

Recurrent Disability: The recurrent disability provision is designed to protect an employee who tries to return to work but becomes disabled again from the same or a related cause. If this happens within a certai . . . View Full Definition

Profitability: A company's ability to generate revenues in excess of the costs incurred in producing those revenues.

Pre-Disability Earnings: This is the amount of an employee's wages or salary that was in effect and covered by the plan on the day before the disability began.

Definition Of Total Disability: One of the most important provisions in a disability contract is the definition of disability that will be used to determine an employee's eligibility for benefits.

Extent Of Disability: Some policies require that employees be totally disabled before payments begin. Other policies pay out for partial disability for a limited time, but most often only if the partial disabilit . . . View Full Definition

Health Insurance Portability And Accountability Act (HIPAA): A federal act that protects people who change jobs, are self-employed, or who have pre-existing medical conditions. HIPAA standardizes an approach to the continuation of healthcare benefits . . . View Full Definition