Business / Human Resources (HR) / Opt-Out Provision: An employer benefit plan provision that offers cash, extra benefits or additional credits in return for an employee reducing the level of benefits he or she selects under a flexible benefit/cafeteria-style program or providing extra cash compensation to those employees who choose not to elect any benefit coverage.
Provision Noun Synonyms: providing, supplying, furnishing, catering, victualling, provisioning, purveyance, purveying, furnishing, equipping, fitting out, outfitting, accoutrement, equipment
Business / Finance / Provisional Call Feature: A stipulation in a convertible issue that allows the issuer to call the issue during the noncall period if the price of the stock reaches a certain level. In the case of convertible securities, right MORE
Entertainment / Golf / Provisional Ball: (also 'provisional') an additional shot played in a situation where it is believed that the original ball may be out of bounds or lost (the shot is played before leaving the area of the original shot) MORE