Vesting, Deferred
Definition of "Vesting, deferred"
Specified requirements of minimum age and years of service to be met by an employee before the individual's benefits are vested. For example, under the ten year vesting rule, "n employee must work ten years for the particular employer before benefits vest.
Popular Insurance Terms
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Action by insurance companies and agents to voluntarily refrain from business conduct that is misleading, fraudulent, and in general would have adverse consequences for the purchaser of the ...
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