A plan wherein premiums are paid to the insurance company by an insured business. The insurance company then deposits the premium, minus some costs, into a bank account in the insured's name. The insured business can make withdrawals from these funds.
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... PLAN (CBP), DEFERRED COMPENSATION PLAN, COMPENSATING BALANCES PLAN, UNDERFUNDED PENSION PLAN, EMPLOYMENT BENEFIT PLAN ...
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compensating differential. compensating balances plan · compensating error. Definition. The difference in wages offered to offset the desirability or undesirability ...
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