Category: N

a clause found in a public contract with a private contractor where he is not allowed to discriminate when hiring employees.

A rule that mandates equal provision of benefits to all its employees, irrespective of their position. A retirement plan must include this rule to qualify under the Employee Retirement Income Security Act (ERISA). The failure to qualify for this plan will result in the taxation of a company’s contribution to the retirement plan.

1. General: A set of standard rule is applied upon careful evaluation of fairness and equality using this method. 2. Interstate Commerce: Ensuring that all countries are charged equally and justly through an evaluation of import taxes and levies.

A clause, that is also referred to as coordination of benefits, states that the benefits of the insurance will not cover the same losses that are covered by another insurer.

a term that is sued to describe a person who disagrees and dissents from the accepted and established modes of behaviour.

Products with a short life span due to a low service value or a one-time use characteristic.

Occurrence of an situation due to the nonfulfillment of the prescribed standards and specifications.

In the Roman calendar. The fifth and, in March. May, July, and October, the seventh day of the month. So called because, counting inclusively, they were nine days from the ides. Adams, Rom. Ant. 355, 357.

the term that applies to a provision in an insurance policy where the insurer can’t cancel it once the premiums have been made for a certain time.

Workers who are not exempt from a rule or policy. With respect to wage and hour laws, employees who are nonexempt are to follow workplace regulations and are eligible for overtime pay only if they work the extra hours.