nonforfeitable benefit Definition

nonforfeitable benefit

Definition

Benefits that are vested, meaning that they belong fully to the employee and may not be rescinded.

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Nearby Terms

non-durable good
nonelective contribution
non-equity option
non-farm payroll
non-financial asset
nonforfeitable benefit
non-insured plan
non-interest expense
non-interest income
non-interest-bearing account
non-interest-bearing note

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