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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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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