Opt-Out Provision

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.

Other Words for Provision

Provision Noun Synonyms: providing, supplying, furnishing, catering, victualling, provisioning, purveyance, purveying, furnishing, equipping, fitting out, outfitting, accoutrement, equipment
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Provisional Call Feature

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

Provisional Ball

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

Provision For Income Taxes

Business / Finance / Provision For Income Taxes: An amount on the P & I statement that estimates a company's total income tax liability for the year. MORE

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