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

Insurance To Value

In property coverage, ratio of the amount of insurance to the value of an insured property. This rat ...

Excess Policy

Policy that pays benefits only when coverage under other applicable insurance policies has become ex ...

Collision Damage Waiver

Special property damage coverage purchased by an individual renting an automobile under which the re ...

Buy-back

(1) Agreement to sell real estate with a pre-arranged reverse but at an established price. This may ...

Loss Conversion Factor

Measure used in the retrospective rating method for workers compensation insurance. A factor is appl ...

Field Underwriting

Judgment decision by the insurance agent concerning whether or not to submit an application. The dec ...

Related Real Estate FAQ

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Is it better to buy or sell a home first Real Estate Open House - The Dos and Don Rent or Buy - the pros and cons 6 Reasons you are not selling properties Home Prices - The Extra Costs

FAQ

What is a lock in? What is a mortgage banker? What is a lien? What is a front-end ratio? What is a fixed-rate mortgage?