Voluntary Plan Termination

Definition of "Voluntary plan termination"

Ending a pension plan at the election of an employer or sponsor. The employer has the unilateral right to change or terminate a pension plan at any time. However, the termination must meet requirements set out by the employee retirement income security act of 1974 (erisa). Assets must be distributed to participants according to federal guidelines.

Search Real Estate Glossary

Related Real Estate Glossary terms

Personal Contract

Agreement concerning an insured individual, not the insured's property. A property and casualty insu ...

Universal Variable Life Insurance

Policy combining features Of UNIVERSAL LIFE INSURANCE and VARIABLE LIFE INSURANCE in that excess int ...

Dwelling Insurance Policy Program

Coverage for a dwelling's structure; appurtenant structures on the premises; personal contents and h ...

Reservation

Not sure about something such as suspecting the truthfulness of statements made by a real estate ...

Tax Exempt

Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charit ...

Deviation

Same as term Deviated Rate: rates used by a property and casualty insurance company that are differe ...

Related Real Estate FAQ

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How To Sell Your Home 7 Things to Consider Before Moving to a New City Rent or Buy - the pros and cons Is it better to buy or sell a home first Tax Breaks for the First Time Home Buyer

FAQ

What is cooperative? What do I need to know about Condominium Insurance? What type of Life Insurance is right for me? Should I Pay Points for a Lower Rate? What is a contingency?