An entity that is not affected by the influence of another individual’s discretion or preferences. For example, a budget or a contract states the non discretionary spending that ought to occur. Also, a law that is enforced without the discretion of authorities is known a s a non discretionary law.
A non avoidable expense that has been recorded in the account statements, but has yet to be fulfilled. For example, next month’s electricity bill.
A predetermined bonus that is stated in the agreement that has to be paid upon fulfillment of certain criteria. In contrast to the discretionary bonus, this bonus is paid at regular intervals and is usually a percentage or a fixed amount as stated in the contract.
During the event of a proxy vote, this requirement does not consider the proposal of the intermediary of the actual owner unless the owner explicitly allows such proposals.
The trustee has limited powers on the distribution of the amount to the trust’s beneficiary.
In English law. One who refuses to comply with others; one who refuses to join in the established forms of worship. Non-conformists are of two sorts: (1) Such as absent themselves from divine worship in the Established Church through total irre- ligion, and attend the service of no other persuasion ; (2) such as attend the religious service of another persuasion. Whartou. Non consentit qui errat. Bract, fol. 44. He who mistakes does not conseut.
A uou-apparent or discontinuous easement. Fetters v. Humphreys, 18 N. J. Eq. 202. See EASEMENT.
Fringe benefits to the employee wherein he is not required to contribute and all related retirement plan costs are borne by the government and/or employer.
The modification of loan terms that grants eligibility to borrowers with very limited financial strength. The term ‘non-conventional’ is used an indication of the tools employed to modify the loan terms and not as a reference to the financial institutions.
Services that are outsourced to third parties due to their non-involvement in the value proposition of the firm to their customers. This includes services such as installation and maintenance.